UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
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| | | | | | |
| Investment Company Act file number | 811-21591 |
| | |
| AMERICAN CENTURY ASSET ALLOCATION PORTFOLIOS, INC. |
| (Exact name of registrant as specified in charter) |
| | |
| 4500 MAIN STREET, KANSAS CITY, MISSOURI | 64111 |
| (Address of principal executive offices) | (Zip Code) |
| | |
CHARLES A. ETHERINGTON 4500 MAIN STREET, KANSAS CITY, MISSOURI 64111 |
| (Name and address of agent for service) |
| | |
| Registrant’s telephone number, including area code: | 816-531-5575 |
| | |
| Date of fiscal year end: | 07-31 |
| | |
| Date of reporting period: | 1-31-2015 |
ITEM 1. REPORTS TO STOCKHOLDERS.
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SEMIANNUAL REPORT | JANUARY 31, 2015 |
One Choice Portfolio®: Very Conservative
One Choice Portfolio®: Conservative
One Choice Portfolio®: Moderate
One Choice Portfolio®: Aggressive
One Choice Portfolio®: Very Aggressive
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| President’s Letter | |
| Performance | |
| Portfolio Characteristics | |
| Shareholder Fee Examples | |
| Schedules of Investments | |
| Statements of Assets and Liabilities | |
| Statements of Operations | |
| Statements of Changes in Net Assets | |
| Notes to Financial Statements | |
| Financial Highlights | |
| Additional Information | |
Any opinions expressed in this report reflect those of the author as of the date of the report, and do not necessarily represent the opinions of American Century Investments® or any other person in the American Century Investments organization. Any such opinions are subject to change at any time based upon market or other conditions and American Century Investments disclaims any responsibility to update such opinions. These opinions may not be relied upon as investment advice and, because investment decisions made by American Century Investments funds are based on numerous factors, may not be relied upon as an indication of trading intent on behalf of any American Century Investments fund. Security examples are used for representational purposes only and are not intended as recommendations to purchase or sell securities. Performance information for comparative indices and securities is provided to American Century Investments by third party vendors. To the best of American Century Investments’ knowledge, such information is accurate at the time of printing.
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| |
| Dear Investor:
Thank you for reviewing this semiannual report for the six months ended January 31, 2015. It provides a macroeconomic and financial market overview (below), followed by fund performance, a schedule of fund investments, and other financial information.
For additional commentary and updated information on fund performance, key factors that affected asset returns, and other insights regarding the investment markets, we encourage you to visit our website, americancentury.com. |
| Jonathan Thomas |
Most U.S. Investments Advanced, While Non-U.S. Generally Lagged (Especially in Dollar Terms)
“Global divergence” between the U.S. and the rest of the world emerged as a prevalent theme during the reporting period. As 2014 ended and 2015 began, the U.S. appeared to be on a different economic and monetary policy track than most other nations. This theme embraced not only the stronger economic growth enjoyed by the U.S. compared with the rest of the world, but also the related contrast between the U.S. Federal Reserve’s unwinding of monetary stimulus versus the continuation and expansion of monetary stimulus by most other major central banks.
Global divergence also generally described the broad difference between investment returns for U.S. and non-U.S. markets, especially for U.S. investors who realized their returns in dollar terms. The perceived strength, safe-haven qualities, and higher yields of U.S. investments attracted global demand. For the reporting period, the U.S. Dollar Index, the S&P 500 Index, and the Barclays U.S. Aggregate Bond Index returned 16.44%, 4.37%, and 4.36%, respectively. By contrast, for U.S. investors unhedged for currency exposure (the dollar’s strength reduced non-dollar-denominated returns when converted to dollars), the MSCI EAFE Index, the MSCI Emerging Markets Index, and the Barclays Global Aggregate Bond ex-USD (Unhedged) Index returned -6.97%, -9.05%, and -8.67%, respectively.
Plunging oil prices and falling inflation expectations also dominated the financial news. We expect low inflation and related commodity price suppression factors to affect global markets well into 2015, along with continued global divergence in economic growth and monetary policies. It appears that the Federal Reserve might finally start raising short-term U.S. interest rates this year, but global economic weakness and low inflation might delay the rate hikes until the second half of 2015 and keep them relatively small. In this environment, we continue to believe in a disciplined, diversified, long-term investment approach, using professionally managed stock and bond portfolios to meet financial goals. We appreciate your continued trust in us.
Sincerely,
Jonathan Thomas
President and Chief Executive Officer
American Century Investments
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| | | | | | | |
| Total Returns as of January 31, 2015 |
| | | | | Average Annual Returns | |
| | Ticker Symbol | 6 months(1) | 1 year | 5 years | 10 years | Since Inception | Inception Date |
One Choice Portfolio: Very Conservative — Investor Class | AONIX | 2.02% | 5.90% | 5.81% | 4.78% | 4.96% | 9/30/04 |
One Choice Portfolio: Conservative — Investor Class | AOCIX | 2.46% | 7.39% | 8.37% | 5.88% | 6.16% | 9/30/04 |
One Choice Portfolio: Moderate — Investor Class | AOMIX | 2.49% | 8.43% | 10.27% | 6.73% | 7.17% | 9/30/04 |
One Choice Portfolio: Aggressive — Investor Class | AOGIX | 2.86% | 9.37% | 11.80% | 7.30% | 7.80% | 9/30/04 |
One Choice Portfolio: Very Aggressive — Investor Class | AOVIX | 2.97% | 10.32% | 13.03% | 7.40% | 8.02% | 9/30/04 |
| Russell 3000 Index | — | 4.38% | 12.99% | 15.82% | 7.93% | 8.39% | — |
Barclays U.S. Aggregate Bond Index | — | 4.36% | 6.61% | 4.56% | 4.86% | 4.86% | — |
| |
| (1) | Total returns for periods less than one year are not annualized. |
The Russell 3000 Index represents approximately 98% of the investable U.S. equity market and provides a broad measure of equity performance. The Barclays U.S. Aggregate Bond Index represents the U.S. investment-grade fixed-rate bond market and provides a broad measure of bond market performance. Performance for these indices is provided for reference only. Neither index is intended to represent the composition of the portfolio, which invests in a mix of equity and fixed-income securities. (See the Schedule of Investments for each portfolio’s asset allocations as of the date of this report.)
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| |
| Total Annual Fund Operating Expenses |
| One Choice Portfolio: Very Conservative — Investor Class | 0.66% |
| One Choice Portfolio: Conservative — Investor Class | 0.75% |
| One Choice Portfolio: Moderate — Investor Class | 0.86% |
| One Choice Portfolio: Aggressive — Investor Class | 0.96% |
| One Choice Portfolio: Very Aggressive — Investor Class | 1.02% |
The total annual fund operating expenses shown is as stated in the fund’s prospectus current as of the date of this report. The prospectus may vary from the expense ratio shown elsewhere in this report because it is based on a different time period, includes acquired fund fees and expenses, and, if applicable, does not include fee waivers or expense reimbursements.
Data presented reflect past performance. Past performance is no guarantee of future
results. Current performance may be higher or lower than the performance shown.
Investment return and principal value will fluctuate, and redemption value may be more or
less than original cost. Data assumes reinvestment of dividends and capital gains, and
none of the charts reflect the deduction of taxes that a shareholder would pay on fund
distributions or the redemption of fund shares. To obtain performance data current to the
most recent month end, please call 1-800-345-2021 or visit americancentury.com. For
additional information about the funds, please consult the prospectus.
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| Portfolio Characteristics |
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| | | | | |
Underlying Fund Allocations(1) as a % of net assets as of January 31, 2015 |
| | One Choice Portfolio: Very Conservative | One Choice Portfolio: Conservative | One Choice Portfolio: Moderate | One Choice Portfolio: Aggressive | One Choice Portfolio: Very Aggressive |
| Equity | | | | | |
| Core Equity Plus Fund | 1.0% | 1.9% | 3.9% | 4.4% | 4.7% |
| Equity Growth Fund | 3.9% | 6.8% | 11.8% | 9.8% | 12.9% |
| Growth Fund | 4.4% | 6.7% | 9.9% | 16.4% | 19.8% |
| Heritage Fund | 2.5% | 5.0% | 8.0% | 14.3% | 17.4% |
| Large Company Value Fund | 6.9% | 9.8% | 8.3% | 7.3% | 9.4% |
| Mid Cap Value Fund | 4.9% | 6.6% | 5.4% | 4.6% | 6.0% |
| Real Estate Fund | 2.0% | 2.1% | 2.2% | 2.1% | 2.0% |
| Small Company Fund | 1.0% | 1.6% | 2.0% | 2.2% | 2.5% |
| Emerging Markets Fund | — | — | 4.0% | 6.5% | 7.5% |
| International Growth Fund | — | 6.1% | 10.1% | 12.7% | 15.5% |
| Total Equity | 26.6% | 46.6% | 65.6% | 80.3% | 97.7% |
| Fixed Income | | | | | |
| Diversified Bond Fund | 31.3% | 29.5% | 17.3% | 9.2% | 2.0% |
| High-Yield Fund | — | — | 4.0% | 6.0% | — |
| Inflation-Adjusted Bond Fund | 10.1% | 9.1% | 6.1% | 4.2% | — |
| Short Duration Fund | 7.0% | — | — | — | — |
| Short Duration Inflation Protection Bond Fund | 8.0% | — | — | — | — |
| International Bond Fund | 10.0% | 7.9% | 3.0% | — | — |
| Total Fixed Income | 66.4% | 46.5% | 30.4% | 19.4% | 2.0% |
| Prime Money Market Fund | 7.0% | 6.9% | 4.0% | 0.3% | 0.3% |
| Other Assets and Liabilities | —(2) | —(2) | —(2) | —(2) | —(2) |
| |
| (1) | Underlying fund investments represent Investor Class. |
| |
| (2) | Category is less than 0.05% of total net assets. |
Fund shareholders may incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments and redemption/exchange fees; and (2) ongoing costs, including management fees; distribution and service (12b-1) fees; and other fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in your fund and to compare these costs with the ongoing cost of investing in other mutual funds. As a shareholder in the underlying American Century Investments funds, your fund will indirectly bear its pro rata share of the expenses incurred by the underlying funds. These expenses are not included in the fund’s annualized expense ratio or the expenses paid during the period. These expenses are, however, included in the effective expenses paid during the period.
The example is based on an investment of $1,000 made at the beginning of the period and held for the entire period from August 1, 2014 to January 31, 2015.
Actual Expenses
The table provides information about actual account values and actual expenses for each class. You may use the information, together with the amount you invested, to estimate the expenses that you paid over the period. First, identify the share class you own. Then simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number under the heading “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.
If you hold Investor Class shares of any American Century Investments fund, or Institutional Class shares of the American Century Diversified Bond Fund, in an American Century Investments account (i.e., not a financial intermediary or retirement plan account), American Century Investments may charge you a $12.50 semiannual account maintenance fee if the value of those shares is less than $10,000. We will redeem shares automatically in one of your accounts to pay the $12.50 fee. In determining your total eligible investment amount, we will include your investments in all personal accounts (including American Century Investments Brokerage accounts) registered under your Social Security number. Personal accounts include individual accounts, joint accounts, UGMA/UTMA accounts, personal trusts, Coverdell Education Savings Accounts and IRAs (including traditional, Roth, Rollover, SEP-, SARSEP- and SIMPLE-IRAs), and certain other retirement accounts. If you have only business, business retirement, employer-sponsored or American Century Investments Brokerage accounts, you are currently not subject to this fee. If you are subject to the Account Maintenance Fee, your account value could be reduced by the fee amount.
Hypothetical Example for Comparison Purposes
The table also provides information about hypothetical account values and hypothetical expenses based on the actual expense ratio of each class of your fund and an assumed rate of return of 5% per year before expenses, which is not the actual return of a fund’s share class. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in your fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads) or redemption/exchange fees. Therefore, the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.
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| | | | | | |
| | Beginning
Account Value
8/1/14 | Ending
Account Value
1/31/15 | Expenses Paid
During Period(1)
8/1/14 - 1/31/15 | Annualized Expense Ratio(1) | Effective
Expenses
Paid During
Period(2)
8/1/14 - 1/31/15 | Effective Annualized Expense Ratio(2) |
| One Choice Portfolio: Very Conservative | | | | |
| Actual | | | | | | |
| Investor Class | $1,000 | $1,020.20 | $0.00 | 0.00%(3) | $3.41 | 0.67% |
| Hypothetical | | | | | | |
| Investor Class | $1,000 | $1,025.21 | $0.00 | 0.00%(3) | $3.41 | 0.67% |
| One Choice Portfolio: Conservative | | | | |
| Actual | | | | | | |
| Investor Class | $1,000 | $1,024.60 | $0.00 | 0.00%(3) | $3.83 | 0.75% |
| Hypothetical | | | | | | |
| Investor Class | $1,000 | $1,025.21 | $0.00 | 0.00%(3) | $3.82 | 0.75% |
| One Choice Portfolio: Moderate | | | | |
| Actual | | | | | | |
| Investor Class | $1,000 | $1,024.90 | $0.00 | 0.00%(3) | $4.44 | 0.87% |
| Hypothetical | | | | | | |
| Investor Class | $1,000 | $1,025.21 | $0.00 | 0.00%(3) | $4.43 | 0.87% |
| One Choice Portfolio: Aggressive | | | | |
| Actual | | | | | | |
| Investor Class | $1,000 | $1,028.60 | $0.00 | 0.00%(3) | $4.76 | 0.93% |
| Hypothetical | | | | | | |
| Investor Class | $1,000 | $1,025.21 | $0.00 | 0.00%(3) | $4.74 | 0.93% |
| One Choice Portfolio: Very Aggressive | | | | |
| Actual | | | | | | |
| Investor Class | $1,000 | $1,029.70 | $0.00 | 0.00%(3) | $5.27 | 1.03% |
| Hypothetical | | | | | | |
| Investor Class | $1,000 | $1,025.21 | $0.00 | 0.00%(3) | $5.24 | 1.03% |
| |
| (1) | Expenses are equal to the class's annualized expense ratio listed in the table above, multiplied by the average account value over the period, multiplied by 184, the number of days in the most recent fiscal half-year, divided by 365, to reflect the one-half year period. The fees and expenses of the underlying American Century Investments funds in which the fund invests are not included in the class's annualized expense ratio. |
| |
| (2) | Effective expenses reflect the sum of expenses borne directly by the class plus the fund's pro rata share of the weighted average expense ratio of the underlying funds in which it invests. The effective annualized expense ratio combines the class's annualized expense ratio and the annualized weighted average expense ratio of the underlying funds. The annualized weighted average expense ratio of the underlying funds for the one-half year period reflects the actual expense ratio of each underlying fund from its most recent shareholder report, annualized and weighted for the fund's relative average investment therein during the period. |
| |
| (3) | Other expenses, which include directors' fees and expenses, did not exceed 0.005%. |
JANUARY 31, 2015 (UNAUDITED)
One Choice Portfolio: Very Conservative
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| | | | | |
| | Shares | Value |
MUTUAL FUNDS(1) — 100.0% | | |
| Domestic Fixed Income Funds — 56.4% | | |
| Diversified Bond Fund Investor Class | 10,824,629 |
| $ | 120,153,377 |
|
| Inflation-Adjusted Bond Fund Investor Class | 3,249,049 |
| 38,923,604 |
|
| Short Duration Fund Investor Class | 2,597,180 |
| 26,828,871 |
|
| Short Duration Inflation Protection Bond Fund Investor Class | 3,038,908 |
| 30,723,359 |
|
| | | 216,629,211 |
|
| Domestic Equity Funds — 26.6% | | |
| Core Equity Plus Fund Investor Class | 281,686 |
| 3,845,017 |
|
| Equity Growth Fund Investor Class | 505,486 |
| 14,997,767 |
|
| Growth Fund Investor Class | 599,986 |
| 17,021,601 |
|
| Heritage Fund Investor Class | 409,999 |
| 9,618,580 |
|
| Large Company Value Fund Investor Class | 3,045,119 |
| 26,340,279 |
|
| Mid Cap Value Fund Investor Class | 1,174,600 |
| 18,852,329 |
|
| Real Estate Fund Investor Class | 240,511 |
| 7,641,034 |
|
| Small Company Fund Investor Class | 301,437 |
| 3,870,456 |
|
| | | 102,187,063 |
|
| International Fixed Income Funds — 10.0% | | |
| International Bond Fund Investor Class | 2,986,890 |
| 38,381,537 |
|
| Money Market Funds — 7.0% | | |
| Prime Money Market Fund Investor Class | 26,761,118 |
| 26,761,118 |
|
TOTAL INVESTMENT SECURITIES — 100.0% (Cost $349,381,969) | | 383,958,929 |
|
OTHER ASSETS AND LIABILITIES† | | (911 | ) |
| TOTAL NET ASSETS — 100.0% | | $ | 383,958,018 |
|
|
|
NOTES TO SCHEDULE OF INVESTMENTS
|
| |
| † | Category is less than 0.05% of total net assets. |
| |
| (1) | Investments are funds within the American Century Investments family of funds and are considered affiliated funds. |
See Notes to Financial Statements.
JANUARY 31, 2015 (UNAUDITED)
One Choice Portfolio: Conservative
|
| | | | | |
| | Shares | Value |
MUTUAL FUNDS(1) — 100.0% | | |
| Domestic Equity Funds — 40.5% | | |
| Core Equity Plus Fund Investor Class | 1,415,938 |
| $ | 19,327,552 |
|
| Equity Growth Fund Investor Class | 2,310,860 |
| 68,563,203 |
|
| Growth Fund Investor Class | 2,368,690 |
| 67,199,731 |
|
| Heritage Fund Investor Class | 2,144,789 |
| 50,316,755 |
|
| Large Company Value Fund Investor Class | 11,422,716 |
| 98,806,495 |
|
| Mid Cap Value Fund Investor Class | 4,168,737 |
| 66,908,235 |
|
| Real Estate Fund Investor Class | 659,840 |
| 20,963,115 |
|
| Small Company Fund Investor Class | 1,232,070 |
| 15,819,775 |
|
| | | 407,904,861 |
|
| Domestic Fixed Income Funds — 38.6% | | |
| Diversified Bond Fund Investor Class | 26,718,014 |
| 296,569,960 |
|
| Inflation-Adjusted Bond Fund Investor Class | 7,666,020 |
| 91,838,915 |
|
| | | 388,408,875 |
|
| International Fixed Income Funds — 7.9% | | |
| International Bond Fund Investor Class | 6,195,138 |
| 79,607,522 |
|
| Money Market Funds — 6.9% | | |
| Prime Money Market Fund Investor Class | 69,795,654 |
| 69,795,654 |
|
| International Equity Funds — 6.1% | | |
| International Growth Fund Investor Class | 5,032,546 |
| 60,742,825 |
|
TOTAL INVESTMENT SECURITIES — 100.0% (Cost $885,810,376) | | 1,006,459,737 |
|
OTHER ASSETS AND LIABILITIES† | | (1,609 | ) |
| TOTAL NET ASSETS — 100.0% | | $ | 1,006,458,128 |
|
|
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NOTES TO SCHEDULE OF INVESTMENTS
|
| |
| † | Category is less than 0.05% of total net assets. |
| |
| (1) | Investments are funds within the American Century Investments family of funds and are considered affiliated funds. |
See Notes to Financial Statements.
JANUARY 31, 2015 (UNAUDITED)
One Choice Portfolio: Moderate
|
| | | | | |
| | Shares | Value |
MUTUAL FUNDS(1) — 100.0% | | |
| Domestic Equity Funds — 51.5% | | |
| Core Equity Plus Fund Investor Class | 4,348,595 |
| $ | 59,358,326 |
|
| Equity Growth Fund Investor Class | 6,110,088 |
| 181,286,312 |
|
| Growth Fund Investor Class | 5,382,623 |
| 152,705,026 |
|
| Heritage Fund Investor Class | 5,272,650 |
| 123,696,362 |
|
| Large Company Value Fund Investor Class | 14,770,715 |
| 127,766,686 |
|
| Mid Cap Value Fund Investor Class | 5,161,593 |
| 82,843,573 |
|
| Real Estate Fund Investor Class | 1,087,465 |
| 34,548,755 |
|
| Small Company Fund Investor Class | 2,431,538 |
| 31,220,952 |
|
| | | 793,425,992 |
|
| Domestic Fixed Income Funds — 27.4% | | |
| Diversified Bond Fund Investor Class | 24,066,162 |
| 267,134,394 |
|
| High-Yield Fund Investor Class | 10,471,478 |
| 61,467,578 |
|
| Inflation-Adjusted Bond Fund Investor Class | 7,846,743 |
| 94,003,986 |
|
| | | 422,605,958 |
|
| International Equity Funds — 14.1% | | |
| Emerging Markets Fund Investor Class | 7,008,358 |
| 60,972,716 |
|
| International Growth Fund Investor Class | 12,950,635 |
| 156,314,163 |
|
| | | 217,286,879 |
|
| Money Market Funds — 4.0% | | |
| Prime Money Market Fund Investor Class | 61,195,741 |
| 61,195,741 |
|
| International Fixed Income Funds — 3.0% | | |
| International Bond Fund Investor Class | 3,561,336 |
| 45,763,168 |
|
TOTAL INVESTMENT SECURITIES — 100.0% (Cost $1,305,668,463) | | 1,540,277,738 |
|
OTHER ASSETS AND LIABILITIES† | | 277 |
|
| TOTAL NET ASSETS — 100.0% | | $ | 1,540,278,015 |
|
|
|
NOTES TO SCHEDULE OF INVESTMENTS
|
| |
| † | Category is less than 0.05% of total net assets. |
| |
| (1) | Investments are funds within the American Century Investments family of funds and are considered affiliated funds. |
See Notes to Financial Statements.
JANUARY 31, 2015 (UNAUDITED)
One Choice Portfolio: Aggressive
|
| | | | | |
| | Shares | Value |
MUTUAL FUNDS(1) — 100.0% | | |
| Domestic Equity Funds — 61.1% | | |
| Core Equity Plus Fund Investor Class | 3,448,249 |
| $ | 47,068,604 |
|
| Equity Growth Fund Investor Class | 3,567,642 |
| 105,851,943 |
|
| Growth Fund Investor Class | 6,228,022 |
| 176,688,992 |
|
| Heritage Fund Investor Class | 6,591,243 |
| 154,630,566 |
|
| Large Company Value Fund Investor Class | 9,134,178 |
| 79,010,638 |
|
| Mid Cap Value Fund Investor Class | 3,115,757 |
| 50,007,895 |
|
| Real Estate Fund Investor Class | 718,570 |
| 22,828,982 |
|
| Small Company Fund Investor Class | 1,837,924 |
| 23,598,941 |
|
| | | 659,686,561 |
|
| Domestic Fixed Income Funds — 19.4% | | |
| Diversified Bond Fund Investor Class | 8,938,586 |
| 99,218,308 |
|
| High-Yield Fund Investor Class | 11,139,635 |
| 65,389,656 |
|
| Inflation-Adjusted Bond Fund Investor Class | 3,753,433 |
| 44,966,123 |
|
| | | 209,574,087 |
|
| International Equity Funds — 19.2% | | |
| Emerging Markets Fund Investor Class | 8,126,278 |
| 70,698,616 |
|
| International Growth Fund Investor Class | 11,313,098 |
| 136,549,087 |
|
| | | 207,247,703 |
|
| Money Market Funds — 0.3% | | |
| Prime Money Market Fund Investor Class | 2,849,851 |
| 2,849,851 |
|
TOTAL INVESTMENT SECURITIES — 100.0% (Cost $895,570,725) | | 1,079,358,202 |
|
OTHER ASSETS AND LIABILITIES† | | 1,297 |
|
| TOTAL NET ASSETS — 100.0% | | $ | 1,079,359,499 |
|
|
|
NOTES TO SCHEDULE OF INVESTMENTS
|
| |
| † | Category is less than 0.05% of total net assets. |
| |
| (1) | Investments are funds within the American Century Investments family of funds and are considered affiliated funds. |
See Notes to Financial Statements.
JANUARY 31, 2015 (UNAUDITED)
One Choice Portfolio: Very Aggressive
|
| | | | | |
| | Shares | Value |
MUTUAL FUNDS(1) — 100.0% | | |
| Domestic Equity Funds — 74.7% | | |
| Core Equity Plus Fund Investor Class | 935,594 |
| $ | 12,770,852 |
|
| Equity Growth Fund Investor Class | 1,179,591 |
| 34,998,473 |
|
| Growth Fund Investor Class | 1,893,416 |
| 53,716,214 |
|
| Heritage Fund Investor Class | 2,023,172 |
| 47,463,627 |
|
| Large Company Value Fund Investor Class | 2,948,349 |
| 25,503,222 |
|
| Mid Cap Value Fund Investor Class | 1,012,403 |
| 16,249,061 |
|
| Real Estate Fund Investor Class | 172,526 |
| 5,481,167 |
|
| Small Company Fund Investor Class | 529,772 |
| 6,802,269 |
|
| | | 202,984,885 |
|
| International Equity Funds — 23.0% | | |
| Emerging Markets Fund Investor Class | 2,336,222 |
| 20,325,133 |
|
| International Growth Fund Investor Class | 3,494,052 |
| 42,173,205 |
|
| | | 62,498,338 |
|
| Domestic Fixed Income Funds — 2.0% | | |
| Diversified Bond Fund Investor Class | 498,903 |
| 5,537,826 |
|
| Money Market Funds — 0.3% | | |
| Prime Money Market Fund Investor Class | 723,047 |
| 723,047 |
|
TOTAL INVESTMENT SECURITIES — 100.0% (Cost $203,127,627) | | 271,744,096 |
|
OTHER ASSETS AND LIABILITIES† | | (30 | ) |
| TOTAL NET ASSETS — 100.0% | | $ | 271,744,066 |
|
|
|
NOTES TO SCHEDULE OF INVESTMENTS
|
| |
| † | Category is less than 0.05% of total net assets. |
| |
| (1) | Investments are funds within the American Century Investments family of funds and are considered affiliated funds. |
See Notes to Financial Statements.
|
|
| Statements of Assets and Liabilities |
|
| | | | | | | | | |
| JANUARY 31, 2015 (UNAUDITED) | | | |
| | One Choice Portfolio: Very Conservative | One Choice Portfolio: Conservative | One Choice Portfolio: Moderate |
| Assets | | | |
| Investment securities in affiliates, at value (cost of $349,381,969, $885,810,376 and $1,305,668,463, respectively) | $ | 383,958,929 |
| $ | 1,006,459,737 |
| $ | 1,540,277,738 |
|
| Receivable for investments sold | — |
| 109,513 |
| — |
|
| Receivable for capital shares sold | 476,082 |
| 910,486 |
| 1,333,401 |
|
| Distributions receivable from affiliates | 254,859 |
| 525,210 |
| 746,565 |
|
| | 384,689,870 |
| 1,008,004,946 |
| 1,542,357,704 |
|
| | | | |
| Liabilities | | | |
| Payable for investments purchased | 684,201 |
| 526,819 |
| 1,487,878 |
|
| Payable for capital shares redeemed | 47,651 |
| 1,019,999 |
| 591,811 |
|
| | 731,852 |
| 1,546,818 |
| 2,079,689 |
|
| | | | |
| Net Assets | $ | 383,958,018 |
| $ | 1,006,458,128 |
| $ | 1,540,278,015 |
|
| | | | |
| Investor Class Capital Shares, $0.01 Par Value | | |
| Shares outstanding | 32,358,465 |
| 74,575,753 |
| 102,156,390 |
|
| | | | |
| Net Asset Value Per Share | $ | 11.87 |
| $ | 13.50 |
| $ | 15.08 |
|
| | | | |
| Net Assets Consist of: | | | |
| Capital (par value and paid-in surplus) | $ | 348,873,899 |
| $ | 870,758,209 |
| $ | 1,271,108,361 |
|
| Undistributed net investment income | 242,834 |
| 364,312 |
| 755,285 |
|
| Undistributed net realized gain | 264,325 |
| 14,686,246 |
| 33,805,094 |
|
| Net unrealized appreciation | 34,576,960 |
| 120,649,361 |
| 234,609,275 |
|
| | $ | 383,958,018 |
| $ | 1,006,458,128 |
| $ | 1,540,278,015 |
|
See Notes to Financial Statements.
|
| | | | | | |
| JANUARY 31, 2015 (UNAUDITED) | | |
| | One Choice Portfolio: Aggressive | One Choice Portfolio: Very Aggressive |
| Assets | | |
| Investment securities in affiliates, at value (cost of $895,570,725 and $203,127,627, respectively) | $ | 1,079,358,202 |
| $ | 271,744,096 |
|
| Receivable for capital shares sold | 609,345 |
| 157,473 |
|
| Distributions receivable from affiliates | 470,179 |
| 9,822 |
|
| | 1,080,437,726 |
| 271,911,391 |
|
| | | |
| Liabilities | | |
| Payable for investments purchased | 530,666 |
| 79,641 |
|
| Payable for capital shares redeemed | 547,561 |
| 87,684 |
|
| | 1,078,227 |
| 167,325 |
|
| | | |
| Net Assets | $ | 1,079,359,499 |
| $ | 271,744,066 |
|
| | | |
| Investor Class Capital Shares, $0.01 Par Value | | |
| Shares outstanding | 66,709,778 |
| 15,550,494 |
|
| | | |
| Net Asset Value Per Share | $ | 16.18 |
| $ | 17.47 |
|
| | | |
| Net Assets Consist of: | | |
| Capital (par value and paid-in surplus) | $ | 849,098,721 |
| $ | 193,914,464 |
|
| Undistributed (distributions in excess of) net investment income | (50,135 | ) | 2,068,684 |
|
| Undistributed net realized gain | 46,523,436 |
| 7,144,449 |
|
| Net unrealized appreciation | 183,787,477 |
| 68,616,469 |
|
| | $ | 1,079,359,499 |
| $ | 271,744,066 |
|
See Notes to Financial Statements.
|
| | | | | | | | | |
| FOR THE SIX MONTHS ENDED JANUARY 31, 2015 (UNAUDITED) |
| | One Choice Portfolio: Very Conservative | One Choice Portfolio: Conservative | One Choice Portfolio: Moderate |
| Investment Income (Loss) | | | |
| Income from Affiliates: | | | |
| Income distributions from underlying funds | $ | 4,708,719 |
| $ | 13,596,691 |
| $ | 22,976,856 |
|
| | | | |
| Expenses: | | | |
| Directors' fees and expenses | 6,995 |
| 18,488 |
| 28,641 |
|
| | | | |
| Net investment income (loss) | 4,701,724 |
| 13,578,203 |
| 22,948,215 |
|
| | | | |
| Net Realized and Unrealized Gain (Loss) on Affiliates | | |
| Net realized gain (loss) on: | | | |
| Sale of investments in underlying funds | 613,906 |
| 654,781 |
| 81,625 |
|
| Capital gain distributions received from underlying funds | 7,438,781 |
| 34,412,516 |
| 79,104,053 |
|
| | 8,052,687 |
| 35,067,297 |
| 79,185,678 |
|
| | | | |
| Change in net unrealized appreciation (depreciation) on investments in underlying funds | (5,201,434 | ) | (25,867,124 | ) | (66,416,635 | ) |
| | | | |
| Net realized and unrealized gain (loss) on affiliates | 2,851,253 |
| 9,200,173 |
| 12,769,043 |
|
| | | | |
| Net Increase (Decrease) in Net Assets Resulting from Operations | $ | 7,552,977 |
| $ | 22,778,376 |
| $ | 35,717,258 |
|
See Notes to Financial Statements.
|
| | | | | | |
| FOR THE SIX MONTHS ENDED JANUARY 31, 2015 (UNAUDITED) | | |
| | One Choice Portfolio: Aggressive | One Choice Portfolio: Very Aggressive |
| Investment Income (Loss) | | |
| Income from Affiliates: | | |
| Income distributions from underlying funds | $ | 16,033,091 |
| $ | 4,262,868 |
|
| | | |
| Expenses: | | |
| Directors' fees and expenses | 20,184 |
| 5,273 |
|
| | | |
| Net investment income (loss) | 16,012,907 |
| 4,257,595 |
|
| | | |
| Net Realized and Unrealized Gain (Loss) on Affiliates | | |
| Net realized gain (loss) on: | | |
| Sale of investments in underlying funds | 919,291 |
| 287,335 |
|
| Capital gain distributions received from underlying funds | 76,893,901 |
| 23,985,794 |
|
| | 77,813,192 |
| 24,273,129 |
|
| | | |
| Change in net unrealized appreciation (depreciation) on investments in underlying funds | (64,834,560 | ) | (20,455,282 | ) |
| | | |
| Net realized and unrealized gain (loss) on affiliates | 12,978,632 |
| 3,817,847 |
|
| | | |
| Net Increase (Decrease) in Net Assets Resulting from Operations | $ | 28,991,539 |
| $ | 8,075,442 |
|
See Notes to Financial Statements.
|
|
| Statements of Changes in Net Assets |
|
| | | | | | | | | | | | |
| SIX MONTHS ENDED JANUARY 31, 2015 (UNAUDITED) AND YEAR ENDED JULY 31, 2014 |
| | One Choice Portfolio: Very Conservative | One Choice Portfolio: Conservative |
| Increase (Decrease) in Net Assets | January 31,
2015 | July 31,
2014 | January 31,
2015 | July 31,
2014 |
| Operations | | | | |
| Net investment income (loss) | $ | 4,701,724 |
| $ | 6,030,028 |
| $ | 13,578,203 |
| $ | 15,468,968 |
|
| Net realized gain (loss) | 8,052,687 |
| 5,688,818 |
| 35,067,297 |
| 12,803,779 |
|
| Change in net unrealized appreciation (depreciation) | (5,201,434 | ) | 8,441,215 |
| (25,867,124 | ) | 39,257,283 |
|
| Net increase (decrease) in net assets resulting from operations | 7,552,977 |
| 20,160,061 |
| 22,778,376 |
| 67,530,030 |
|
| | | | | |
| Distributions to Shareholders | | | | |
| From net investment income | (4,494,111 | ) | (5,977,895 | ) | (13,906,627 | ) | (15,269,425 | ) |
| From net realized gains | (5,178,987 | ) | (2,884,902 | ) | (8,617,125 | ) | — |
|
| Decrease in net assets from distributions | (9,673,098 | ) | (8,862,797 | ) | (22,523,752 | ) | (15,269,425 | ) |
| | | | | |
| Capital Share Transactions | | | | |
| Proceeds from shares sold | 77,070,210 |
| 91,897,942 |
| 140,113,534 |
| 253,758,564 |
|
| Proceeds from reinvestment of distributions | 9,447,739 |
| 8,651,237 |
| 22,100,552 |
| 14,973,084 |
|
| Payments for shares redeemed | (55,604,850 | ) | (108,307,943 | ) | (83,965,813 | ) | (139,163,133 | ) |
| Net increase (decrease) in net assets from capital share transactions | 30,913,099 |
| (7,758,764 | ) | 78,248,273 |
| 129,568,515 |
|
| | | | | |
| Net increase (decrease) in net assets | 28,792,978 |
| 3,538,500 |
| 78,502,897 |
| 181,829,120 |
|
| | | | | |
| Net Assets | | | | |
| Beginning of period | 355,165,040 |
| 351,626,540 |
| 927,955,231 |
| 746,126,111 |
|
| End of period | $ | 383,958,018 |
| $ | 355,165,040 |
| $ | 1,006,458,128 |
| $ | 927,955,231 |
|
| | | | | |
| Undistributed net investment income | $ | 242,834 |
| $ | 35,221 |
| $ | 364,312 |
| $ | 692,736 |
|
| | | | | |
| Transactions in Shares of the Funds | | | | |
| Sold | 6,466,914 |
| 7,832,402 |
| 10,324,709 |
| 19,381,020 |
|
| Issued in reinvestment of distributions | 796,728 |
| 742,348 |
| 1,629,921 |
| 1,139,728 |
|
| Redeemed | (4,647,505 | ) | (9,257,466 | ) | (6,195,789 | ) | (10,643,243 | ) |
| Net increase (decrease) in shares of the funds | 2,616,137 |
| (682,716 | ) | 5,758,841 |
| 9,877,505 |
|
See Notes to Financial Statements.
|
| | | | | | | | | | | | |
| SIX MONTHS ENDED JANUARY 31, 2015 (UNAUDITED) AND YEAR ENDED JULY 31, 2014 |
| | One Choice Portfolio: Moderate | One Choice Portfolio: Aggressive |
| Increase (Decrease) in Net Assets | January 31,
2015 | July 31,
2014 | January 31,
2015 | July 31,
2014 |
| Operations | | | | |
| Net investment income (loss) | $ | 22,948,215 |
| $ | 24,255,233 |
| $ | 16,012,907 |
| $ | 16,880,763 |
|
| Net realized gain (loss) | 79,185,678 |
| 26,265,708 |
| 77,813,192 |
| 26,721,028 |
|
| Change in net unrealized appreciation (depreciation) | (66,416,635 | ) | 76,131,071 |
| (64,834,560 | ) | 63,651,077 |
|
| Net increase (decrease) in net assets resulting from operations | 35,717,258 |
| 126,652,012 |
| 28,991,539 |
| 107,252,868 |
|
| | | | | |
| Distributions to Shareholders | | | | |
| From net investment income | (23,113,480 | ) | (24,018,441 | ) | (23,613,188 | ) | (14,880,948 | ) |
| From net realized gains | (2,093,099 | ) | — |
| (14,398,285 | ) | — |
|
| Decrease in net assets from distributions | (25,206,579 | ) | (24,018,441 | ) | (38,011,473 | ) | (14,880,948 | ) |
| | | | | |
| Capital Share Transactions | | | | |
| Proceeds from shares sold | 173,497,521 |
| 371,485,435 |
| 116,465,911 |
| 215,763,985 |
|
| Proceeds from reinvestment of distributions | 24,840,198 |
| 23,668,750 |
| 37,687,693 |
| 14,764,862 |
|
| Payments for shares redeemed | (111,159,865 | ) | (188,766,887 | ) | (93,959,386 | ) | (147,622,947 | ) |
| Net increase (decrease) in net assets from capital share transactions | 87,177,854 |
| 206,387,298 |
| 60,194,218 |
| 82,905,900 |
|
| | | | | |
| Net increase (decrease) in net assets | 97,688,533 |
| 309,020,869 |
| 51,174,284 |
| 175,277,820 |
|
| | | | | |
| Net Assets | | | | |
| Beginning of period | 1,442,589,482 |
| 1,133,568,613 |
| 1,028,185,215 |
| 852,907,395 |
|
| End of period | $ | 1,540,278,015 |
| $ | 1,442,589,482 |
| $ | 1,079,359,499 |
| $ | 1,028,185,215 |
|
| | | | | |
| Undistributed (distributions in excess of) net investment income | $ | 755,285 |
| $ | 920,550 |
| $ | (50,135 | ) | $ | 7,550,146 |
|
| | | | | |
| Transactions in Shares of the Funds | | | | |
| Sold | 11,464,719 |
| 25,608,183 |
| 7,038,025 |
| 13,749,731 |
|
| Issued in reinvestment of distributions | 1,633,690 |
| 1,624,838 |
| 2,299,432 |
| 941,037 |
|
| Redeemed | (7,371,533 | ) | (13,026,618 | ) | (5,724,952 | ) | (9,414,416 | ) |
| Net increase (decrease) in shares of the funds | 5,726,876 |
| 14,206,403 |
| 3,612,505 |
| 5,276,352 |
|
See Notes to Financial Statements.
|
| | | | | | |
| SIX MONTHS ENDED JANUARY 31, 2015 (UNAUDITED) AND YEAR ENDED JULY 31, 2014 |
| | One Choice Portfolio: Very Aggressive |
| Increase (Decrease) in Net Assets | January 31,
2015 | July 31,
2014 |
| Operations | | |
| Net investment income (loss) | $ | 4,257,595 |
| $ | 3,739,849 |
|
| Net realized gain (loss) | 24,273,129 |
| 8,815,662 |
|
| Change in net unrealized appreciation (depreciation) | (20,455,282 | ) | 20,587,527 |
|
| Net increase (decrease) in net assets resulting from operations | 8,075,442 |
| 33,143,038 |
|
| | | |
| Distributions to Shareholders | | |
| From net investment income | (5,097,535 | ) | (2,298,997 | ) |
| | | |
| Capital Share Transactions | | |
| Proceeds from shares sold | 21,838,694 |
| 44,771,752 |
|
| Proceeds from reinvestment of distributions | 5,044,139 |
| 2,279,082 |
|
| Payments for shares redeemed | (25,653,340 | ) | (44,987,543 | ) |
| Net increase (decrease) in net assets from capital share transactions | 1,229,493 |
| 2,063,291 |
|
| | | |
| Net increase (decrease) in net assets | 4,207,400 |
| 32,907,332 |
|
| | | |
| Net Assets | | |
| Beginning of period | 267,536,666 |
| 234,629,334 |
|
| End of period | $ | 271,744,066 |
| $ | 267,536,666 |
|
| | | |
| Undistributed net investment income | $ | 2,068,684 |
| $ | 2,908,624 |
|
| | | |
| Transactions in Shares of the Funds | | |
| Sold | 1,239,707 |
| 2,726,163 |
|
| Issued in reinvestment of distributions | 282,902 |
| 136,965 |
|
| Redeemed | (1,456,353 | ) | (2,716,235 | ) |
| Net increase (decrease) in shares of the funds | 66,256 |
| 146,893 |
|
See Notes to Financial Statements.
|
|
| Notes to Financial Statements |
JANUARY 31, 2015 (UNAUDITED)
1. Organization
American Century Asset Allocation Portfolios, Inc. (the corporation) is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company and is organized as a Maryland corporation. The corporation is authorized to issue 3,000,000,000 shares. One Choice Portfolio: Very Conservative, One Choice Portfolio: Conservative, One Choice Portfolio: Moderate, One Choice Portfolio: Aggressive and One Choice Portfolio: Very Aggressive (collectively, the funds) are five funds in a series issued by the corporation. The funds operate as “funds of funds,” meaning substantially all of the funds’ assets will be invested in other American Century Investments mutual funds (the underlying funds). Each fund’s assets are allocated among underlying funds that represent major asset classes, including equity securities (stocks), fixed-income securities (bonds) and cash-equivalent instruments (money markets). The funds are diversified as defined under the 1940 Act. The funds will assume the risks associated with their underlying funds. Additional information and attributes of each underlying fund are available at americancentury.com. Each fund's investment objective is to seek the highest total return consistent with its asset mix.
2. Significant Accounting Policies
The following is a summary of significant accounting policies consistently followed by the funds in preparation of their financial statements. Each fund is an investment company and follows accounting and reporting guidance in accordance with accounting principles generally accepted in the United States of America. This may require management to make certain estimates and assumptions at the date of the financial statements. Actual results could differ from these estimates. Management evaluated the impact of events or transactions occurring through the date the financial statements were issued that would merit recognition or disclosure.
Investment Valuations — The funds determine the fair value of their investments and compute their net asset value 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 Board of Directors has adopted valuation policies and procedures to guide the investment advisor in the funds' investment valuation process and to provide methodologies for the oversight of the funds' pricing function. Investments in the underlying funds are valued at their reported net asset value.
Security Transactions — Security transactions are accounted for as of the trade date. Net realized gains and losses are determined on the identified cost basis, which is also used for federal income tax purposes.
Investment Income — Income and capital gain distributions, if any, from the underlying funds are recorded as of the ex-dividend date. Long-term capital gain distributions, if any, from the underlying funds are a component of net realized gain (loss).
Expenses — The expenses included in the accompanying financial statements reflect the expenses of each fund and do not include any expenses associated with the underlying funds.
Income Tax Status — It is each fund’s policy to distribute substantially all net investment income and net realized gains to shareholders and to otherwise qualify as a regulated investment company under provisions of the Internal Revenue Code. Accordingly, no provision has been made for income taxes. The funds file U.S. federal, state, local and non-U.S. tax returns as applicable. The funds' tax returns are subject to examination by the relevant taxing authority until expiration of the applicable statute of limitations, which is generally three years from the date of filing but can be longer in certain jurisdictions. At this time, management believes there are no uncertain tax positions which, based on their technical merit, would not be sustained upon examination and for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months.
Distributions to Shareholders — Distributions from net investment income, if any, are generally declared and paid quarterly for One Choice Portfolio: Very Conservative, One Choice Portfolio: Conservative and One Choice Portfolio: Moderate. Distributions from net investment income, if any, are generally declared and paid annually for One Choice Portfolio: Aggressive and One Choice Portfolio: Very Aggressive. Distributions from net realized gains, if any, are generally declared and paid annually for all funds.
Indemnifications — Under the corporation’s organizational documents, its officers and directors are indemnified against certain liabilities arising out of the performance of their duties to the funds. In addition, in the normal course of business, the funds enter into contracts that provide general indemnifications. The maximum exposure under these arrangements is unknown as this would involve future claims that may be made against a fund. The risk of material loss from such claims is considered by management to be remote.
3. Fees and Transactions with Related Parties
Certain officers and directors of the corporation are also officers and/or directors of American Century Companies, Inc. (ACC). The corporation’s investment advisor, American Century Investment Management Inc. (ACIM), the corporation's distributor, American Century Investment Services, Inc., and the corporation’s transfer agent, American Century Services, LLC, are wholly owned, directly or indirectly, by ACC. ACIM serves as the investment advisor for the underlying funds.
Administrative Fees — The corporation’s investment advisor, ACIM, does not receive an administrative fee for services provided to the funds.
Directors' Fees and Expenses — The Board of Directors is responsible for overseeing the investment advisor’s management and operations of the funds. The directors receive detailed information about the funds and their investment advisor regularly throughout the year, and meet at least quarterly with management of the investment advisor to review reports about fund operations. Fees and expenses incurred in conjunction with the directors during the six months ended January 31, 2015 are detailed in the Statements of Operations. The funds' officers do not receive compensation from the funds.
Acquired Fund Fees and Expenses — Each fund will indirectly realize its pro rata share of the fees and expenses of the underlying funds in which it invests. These fees and expenses are already reflected in the valuation of the underlying funds.
4. Investment Transactions
Investment transactions for the six months ended January 31, 2015 were as follows:
|
| | | | | | | | | | | | | | | |
| | One Choice Portfolio: Very Conservative | One Choice Portfolio: Conservative | One Choice Portfolio: Moderate | One Choice Portfolio: Aggressive | One Choice Portfolio: Very Aggressive |
| Purchases | $ | 52,525,875 |
| $ | 113,307,894 |
| $ | 178,041,104 |
| $ | 153,040,394 |
| $ | 36,809,908 |
|
| Sales | $ | 19,144,518 |
| $ | 9,587,705 |
| $ | 14,017,932 |
| $ | 37,942,204 |
| $ | 12,434,532 |
|
5. Affiliated Fund Transactions
A summary of transactions for each underlying fund for the six months ended January 31, 2015 follows:
|
| | | | | | | | | | | | | | | | | | |
Fund/ Underlying Fund(1) | Beginning
Value | Purchase
Cost | Sales Cost | Realized
Gain (Loss) | Distributions Received(2) | Ending Value |
| One Choice Portfolio: Very Conservative |
| Diversified Bond Fund | $ | 110,765,956 |
| $ | 10,715,399 |
| $ | 4,748,332 |
| $ | (123,207 | ) | $ | 1,350,780 |
| $ | 120,153,377 |
|
| Inflation-Adjusted Bond Fund | 35,625,413 |
| 3,879,848 |
| 627,923 |
| (61,654 | ) | 256,121 |
| 38,923,604 |
|
| Short Duration Fund | 25,022,560 |
| 2,067,420 |
| 240,056 |
| (3,724 | ) | 248,290 |
| 26,828,871 |
|
| Short Duration Inflation Protection Bond Fund | 28,559,396 |
| 3,035,626 |
| 196,741 |
| (4,181 | ) | 259,591 |
| 30,723,359 |
|
| Core Equity Plus Fund | 3,521,896 |
| 813,123 |
| 144,790 |
| 7,132 |
| 493,022 |
| 3,845,017 |
|
| Equity Growth Fund | 13,998,043 |
| 3,803,070 |
| 1,577,998 |
| 133,819 |
| 1,710,199 |
| 14,997,767 |
|
| Growth Fund | 15,763,310 |
| 5,863,080 |
| 2,204,584 |
| 33,143 |
| 3,457,368 |
| 17,021,601 |
|
| Heritage Fund | 8,770,710 |
| 2,542,482 |
| 1,073,249 |
| 17,794 |
| 1,360,058 |
| 9,618,580 |
|
| Large Company Value Fund | 24,517,470 |
| 5,706,955 |
| 4,144,440 |
| 294,705 |
| 178,956 |
| 26,340,279 |
|
| Mid Cap Value Fund | 17,593,261 |
| 4,199,593 |
| 2,025,444 |
| 95,672 |
| 1,887,155 |
| 18,852,329 |
|
| Real Estate Fund | 7,047,738 |
| 481,289 |
| 926,575 |
| 219,389 |
| 104,875 |
| 7,641,034 |
|
| Small Company Fund | 3,461,240 |
| 407,062 |
| 160,162 |
| 8,681 |
| 2,756 |
| 3,870,456 |
|
| International Bond Fund | 35,508,854 |
| 7,011,905 |
| 213,160 |
| (3,663 | ) | 837,027 |
| 38,381,537 |
|
| Prime Money Market Fund | 25,009,253 |
| 1,999,023 |
| 247,158 |
| — |
| 1,302 |
| 26,761,118 |
|
| | $ | 355,165,100 |
| $ | 52,525,875 |
| $ | 18,530,612 |
| $ | 613,906 |
| $ | 12,147,500 |
| $ | 383,958,929 |
|
| |
| (1) | Underlying fund investments represent Investor Class. |
| |
| (2) | Distributions received includes distributions from net investment income and from capital gains, if any. |
|
| | | | | | | | | | | | | | | | | | |
Fund/ Underlying Fund(1) | Beginning
Value | Purchase
Cost | Sales Cost | Realized
Gain (Loss) | Distributions Received(2) | Ending Value |
| One Choice Portfolio: Conservative |
| Core Equity Plus Fund | $ | 18,144,640 |
| $ | 2,928,815 |
| — |
| — |
| $ | 2,411,176 |
| $ | 19,327,552 |
|
| Equity Growth Fund | 63,717,139 |
| 10,436,866 |
| — |
| — |
| 7,827,115 |
| 68,563,203 |
|
| Growth Fund | 61,042,304 |
| 16,151,550 |
| — |
| — |
| 13,605,359 |
| 67,199,731 |
|
| Heritage Fund | 45,074,146 |
| 9,019,669 |
| — |
| — |
| 7,043,715 |
| 50,316,755 |
|
| Large Company Value Fund | 91,624,838 |
| 7,030,883 |
| $ | 980,034 |
| $ | 11,698 |
| 675,655 |
| 98,806,495 |
|
| Mid Cap Value Fund | 61,779,238 |
| 8,486,889 |
| — |
| — |
| 6,643,143 |
| 66,908,235 |
|
| Real Estate Fund | 18,960,665 |
| 363,518 |
| 1,320,718 |
| 359,452 |
| 279,004 |
| 20,963,115 |
|
| Small Company Fund | 18,268,387 |
| 14,130 |
| 2,689,965 |
| 412,530 |
| 14,130 |
| 15,819,775 |
|
| Diversified Bond Fund | 271,136,927 |
| 21,083,044 |
| 3,942,207 |
| (128,899 | ) | 3,309,777 |
| 296,569,960 |
|
| Inflation-Adjusted Bond Fund | 83,247,371 |
| 8,594,207 |
| — |
| — |
| 601,351 |
| 91,838,915 |
|
| International Bond Fund | 73,829,863 |
| 13,973,682 |
| — |
| — |
| 1,758,402 |
| 79,607,522 |
|
| Prime Money Market Fund | 66,717,786 |
| 3,077,868 |
| — |
| — |
| 3,419 |
| 69,795,654 |
|
| International Growth Fund | 54,408,587 |
| 12,146,773 |
| — |
| — |
| 3,836,961 |
| 60,742,825 |
|
| | $ | 927,951,891 |
| $ | 113,307,894 |
| $ | 8,932,924 |
| $ | 654,781 |
| $ | 48,009,207 |
| $ | 1,006,459,737 |
|
| |
| (1) | Underlying fund investments represent Investor Class. |
| |
| (2) | Distributions received includes distributions from net investment income and from capital gains, if any. |
|
| | | | | | | | | | | | | | | | | | |
Fund/Underlying Fund(1) | Beginning
Value | Purchase
Cost | Sales Cost | Realized
Gain (Loss) | Distributions Received(2) | Ending Value |
| One Choice Portfolio: Moderate |
| Core Equity Plus Fund | $ | 56,295,319 |
| $ | 8,389,703 |
| — |
| — |
| $ | 7,361,266 |
| $ | 59,358,326 |
|
| Equity Growth Fund | 170,685,667 |
| 25,341,823 |
| $ | 129,146 |
| $ | 3,883 |
| 20,485,225 |
| 181,286,312 |
|
| Growth Fund | 142,424,837 |
| 33,079,485 |
| 176,140 |
| 7,314 |
| 30,837,596 |
| 152,705,026 |
|
| Heritage Fund | 113,704,991 |
| 19,201,995 |
| — |
| — |
| 17,220,638 |
| 123,696,362 |
|
| Large Company Value Fund | 120,611,539 |
| 5,768,439 |
| — |
| — |
| 874,692 |
| 127,766,686 |
|
| Mid Cap Value Fund | 78,440,517 |
| 8,549,198 |
| — |
| — |
| 8,246,010 |
| 82,843,573 |
|
| Real Estate Fund | 29,372,016 |
| 530,193 |
| 412,987 |
| 28,695 |
| 430,614 |
| 34,548,755 |
|
| Small Company Fund | 32,671,509 |
| 24,151 |
| 2,291,627 |
| 318,128 |
| 24,151 |
| 31,220,952 |
|
| Diversified Bond Fund | 249,445,157 |
| 18,138,071 |
| 8,116,259 |
| (276,395 | ) | 2,993,701 |
| 267,134,394 |
|
| High-Yield Fund | 57,339,983 |
| 6,779,789 |
| — |
| — |
| 2,128,821 |
| 61,467,578 |
|
| Inflation-Adjusted Bond Fund | 86,791,505 |
| 7,234,510 |
| — |
| — |
| 617,505 |
| 94,003,986 |
|
| Emerging Markets Fund | 56,986,291 |
| 6,953,097 |
| — |
| — |
| — |
| 60,972,716 |
|
| International Growth Fund | 142,386,077 |
| 29,025,037 |
| — |
| — |
| 9,850,401 |
| 156,314,163 |
|
| Prime Money Market Fund | 62,757,810 |
| 1,248,079 |
| 2,810,148 |
| — |
| 3,052 |
| 61,195,741 |
|
| International Bond Fund | 42,676,358 |
| 7,777,534 |
| — |
| — |
| 1,007,237 |
| 45,763,168 |
|
| | $ | 1,442,589,576 |
| $ | 178,041,104 |
| $ | 13,936,307 |
| $ | 81,625 |
| $ | 102,080,909 |
| $ | 1,540,277,738 |
|
| |
| (1) | Underlying fund investments represent Investor Class. |
| |
| (2) | Distributions received includes distributions from net investment income and from capital gains, if any. |
|
| | | | | | | | | | | | | | | | | | |
Fund/Underlying Fund(1) | Beginning
Value | Purchase
Cost | Sales Cost | Realized
Gain (Loss) | Distributions Received(2) | Ending Value |
| One Choice Portfolio: Aggressive |
| Core Equity Plus Fund | $ | 47,297,592 |
| $ | 6,243,337 |
| $ | 2,126,701 |
| $ | 215,521 |
| $ | 5,859,321 |
| $ | 47,068,604 |
|
| Equity Growth Fund | 104,297,632 |
| 14,760,161 |
| 4,467,857 |
| 323,303 |
| 11,918,370 |
| 105,851,943 |
|
| Growth Fund | 165,392,952 |
| 39,229,040 |
| 2,172,901 |
| (193,016 | ) | 35,411,159 |
| 176,688,992 |
|
| Heritage Fund | 142,204,401 |
| 25,805,044 |
| 2,052,246 |
| (234,397 | ) | 21,549,627 |
| 154,630,566 |
|
| Large Company Value Fund | 78,554,335 |
| 2,822,978 |
| 3,026,036 |
| 274,371 |
| 550,160 |
| 79,010,638 |
|
| Mid Cap Value Fund | 49,857,115 |
| 5,569,408 |
| 2,801,677 |
| 147,220 |
| 5,063,235 |
| 50,007,895 |
|
| Real Estate Fund | 22,248,520 |
| 301,586 |
| 2,759,804 |
| 433,236 |
| 301,586 |
| 22,828,982 |
|
| Small Company Fund | 24,963,171 |
| 98,737 |
| 2,030,468 |
| 344,763 |
| 18,886 |
| 23,598,941 |
|
| Diversified Bond Fund | 96,025,988 |
| 9,534,495 |
| 9,441,321 |
| (331,637 | ) | 1,110,811 |
| 99,218,308 |
|
| High-Yield Fund | 58,650,614 |
| 9,557,349 |
| — |
| — |
| 2,234,596 |
| 65,389,656 |
|
| Inflation-Adjusted Bond Fund | 40,890,681 |
| 4,394,751 |
| 376,531 |
| (42,696 | ) | 290,412 |
| 44,966,123 |
|
| Emerging Markets Fund | 68,801,045 |
| 8,082,932 |
| 2,710,638 |
| 106,807 |
| — |
| 70,698,616 |
|
| International Growth Fund | 124,214,250 |
| 26,640,395 |
| 1,129,418 |
| (124,184 | ) | 8,618,648 |
| 136,549,087 |
|
| Prime Money Market Fund | 4,776,985 |
| 181 |
| 1,927,315 |
| — |
| 181 |
| 2,849,851 |
|
| | $ | 1,028,175,281 |
| $ | 153,040,394 |
| $ | 37,022,913 |
| $ | 919,291 |
| $ | 92,926,992 |
| $ | 1,079,358,202 |
|
| |
| (1) | Underlying fund investments represent Investor Class. |
| |
| (2) | Distributions received includes distributions from net investment income and from capital gains, if any. |
|
| | | | | | | | | | | | | | | | | | |
Fund/ Underlying Fund(1) | Beginning
Value | Purchase
Cost | Sales Cost | Realized
Gain (Loss) | Distributions Received(2) | Ending Value |
| One Choice Portfolio: Very Aggressive |
| Core Equity Plus Fund | $ | 12,810,914 |
| $ | 1,613,948 |
| $ | 469,968 |
| $ | 36,203 |
| $ | 1,613,948 |
| $ | 12,770,852 |
|
| Equity Growth Fund | 34,841,972 |
| 4,369,583 |
| 1,280,078 |
| 101,493 |
| 4,039,303 |
| 34,998,473 |
|
| Growth Fund | 52,891,878 |
| 11,611,020 |
| 2,790,077 |
| (33,033 | ) | 11,054,793 |
| 53,716,214 |
|
| Heritage Fund | 45,931,900 |
| 7,637,349 |
| 2,582,198 |
| (39,611 | ) | 6,777,309 |
| 47,463,627 |
|
| Large Company Value Fund | 25,502,726 |
| 424,515 |
| 665,790 |
| 77,354 |
| 180,745 |
| 25,503,222 |
|
| Mid Cap Value Fund | 16,216,543 |
| 1,657,009 |
| 771,764 |
| 33,313 |
| 1,657,009 |
| 16,249,061 |
|
| Real Estate Fund | 5,475,859 |
| 273,555 |
| 960,482 |
| 195,475 |
| 75,962 |
| 5,481,167 |
|
| Small Company Fund | 6,732,986 |
| 71,227 |
| 221,914 |
| 26,172 |
| 5,224 |
| 6,802,269 |
|
| Emerging Markets Fund | 20,182,212 |
| 2,294,308 |
| 1,115,054 |
| (16,401 | ) | — |
| 20,325,133 |
|
| International Growth Fund | 40,898,971 |
| 6,419,031 |
| 908,497 |
| (95,990 | ) | 2,781,033 |
| 42,173,205 |
|
| Diversified Bond Fund | 5,260,574 |
| 438,325 |
| 314,252 |
| 2,360 |
| 63,298 |
| 5,537,826 |
|
| Prime Money Market Fund | 790,132 |
| 38 |
| 67,123 |
| — |
| 38 |
| 723,047 |
|
| | $ | 267,536,667 |
| $ | 36,809,908 |
| $ | 12,147,197 |
| $ | 287,335 |
| $ | 28,248,662 |
| $ | 271,744,096 |
|
| |
| (1) | Underlying fund investments represent Investor Class. |
| |
| (2) | Distributions received includes distributions from net investment income and from capital gains, if any. |
6. Investments in Underlying Funds
The funds do not invest in the underlying funds for the purpose of exercising management or control; however, investments by the funds within their investment strategies may represent a significant portion of the underlying funds’ net assets. As of January 31, 2015, One Choice Portfolio: Moderate and One Choice Portfolio: Aggressive owned 37% and 29%, respectively, of the shares of Core Equity Plus Fund. As of January 31, 2015, the funds, in aggregate, owned 89% of the total shares of Core Equity Plus Fund.
7. Fair Value Measurements
The funds’ investments valuation process is based on several considerations and may use multiple inputs to determine the fair value of the investments held by the funds. 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. There were no significant transfers between levels during the period.
As of period end, the funds’ investment securities were classified as Level 1. The Schedules of Investments provide additional information on the funds’ portfolio holdings.
8. Federal Tax Information
The book-basis character of distributions made during the year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. These differences reflect the differing character of certain income items and net realized gains and losses for financial statement and tax purposes, and may result in reclassification among certain capital accounts on the financial statements.
As of January 31, 2015, the components of investments for federal income tax purposes were as follows:
|
| | | | | | | | | |
| | One Choice Portfolio: Very Conservative | One Choice Portfolio: Conservative | One Choice Portfolio: Moderate |
| Federal tax cost of investments | $ | 357,228,822 |
| $ | 906,045,910 |
| $ | 1,350,999,658 |
|
| Gross tax appreciation of investments | $ | 32,430,257 |
| $ | 107,913,008 |
| $ | 195,403,608 |
|
| Gross tax depreciation of investments | (5,700,150 | ) | (7,499,181 | ) | (6,125,528 | ) |
| Net tax appreciation (depreciation) of investments | $ | 26,730,107 |
| $ | 100,413,827 |
| $ | 189,278,080 |
|
|
| | | | | | |
| | One Choice Portfolio: Aggressive | One Choice Portfolio: Very Aggressive |
| Federal tax cost of investments | $ | 926,876,378 |
| $ | 217,514,816 |
|
| Gross tax appreciation of investments | $ | 154,408,555 |
| $ | 54,229,280 |
|
| Gross tax depreciation of investments | (1,926,731 | ) | — |
|
| Net tax appreciation (depreciation) of investments | $ | 152,481,824 |
| $ | 54,229,280 |
|
The difference between book-basis and tax-basis unrealized appreciation (depreciation) is attributable primarily to the tax deferral of losses on wash sales.
As of July 31, 2014, the funds had accumulated short-term capital losses which represent net capital loss carryovers that may be used to offset future realized capital gains for federal income tax purposes. Future capital loss carryover utilization in any given year may be subject to Internal Revenue Code limitations. Capital loss carryovers expire as follows:
|
| | |
| | 2018 | 2019 |
| One Choice Portfolio: Very Conservative | — | — |
| One Choice Portfolio: Conservative | — | — |
| One Choice Portfolio: Moderate | — | — |
| One Choice Portfolio: Aggressive | — | — |
| One Choice Portfolio: Very Aggressive | $(814,486) | $(2,233,776) |
|
| | | | | | | | | | | | | | | |
| For a Share Outstanding Throughout the Years Ended July 31 (except as noted) | | | | | | |
| Per-Share Data | | | | | Ratios and Supplemental Data | |
| | | Income From Investment Operations: | Distributions From: | | | Ratio to Average Net Assets of: | | |
| | Net Asset Value, Beginning of Period | Net Investment Income (Loss)(1) | Net Realized and Unrealized Gain (Loss) | Total From Investment Operations | Net Investment Income | Net Realized Gains | Total Distributions | Net Asset Value, End of Period | Total Return(2) | Operating Expenses(3) | Net Investment Income (Loss) | Portfolio Turnover Rate | Net Assets, End of Period (in thousands) |
| One Choice Portfolio: Very Conservative — Investor Class | | | | | | | | | |
2015(4) | $11.94 | 0.15 | 0.08 | 0.23 | (0.14) | (0.16) | (0.30) | $11.87 | 2.02% | 0.00%(5)(6) | 2.52%(5) | 5% |
| $383,958 |
|
| 2014 | $11.56 | 0.20 | 0.48 | 0.68 | (0.20) | (0.10) | (0.30) | $11.94 | 5.99% | 0.00%(6) | 1.74% | 12% |
| $355,165 |
|
| 2013 | $11.38 | 0.20 | 0.26 | 0.46 | (0.20) | (0.08) | (0.28) | $11.56 | 4.04% | 0.00%(6) | 1.75% | 28% |
| $351,627 |
|
| 2012 | $11.02 | 0.24 | 0.37 | 0.61 | (0.24) | (0.01) | (0.25) | $11.38 | 5.66% | 0.00%(6) | 2.14% | 13% |
| $295,065 |
|
| 2011 | $10.41 | 0.23 | 0.61 | 0.84 | (0.23) | — | (0.23) | $11.02 | 8.16% | 0.00%(6) | 2.15% | 17% |
| $206,540 |
|
| 2010 | $9.88 | 0.23 | 0.53 | 0.76 | (0.23) | — | (0.23) | $10.41 | 7.73% | 0.01% | 2.25% | 15% |
| $158,523 |
|
| One Choice Portfolio: Conservative — Investor Class | | | | | | | | | |
2015(4) | $13.48 | 0.19 | 0.14 | 0.33 | (0.19) | (0.12) | (0.31) | $13.50 | 2.46% | 0.00%(5)(6) | 2.78%(5) | 1% |
| $1,006,458 |
|
| 2014 | $12.66 | 0.24 | 0.82 | 1.06 | (0.24) | — | (0.24) | $13.48 | 8.43% | 0.00%(6) | 1.85% | 2% |
| $927,955 |
|
| 2013 | $11.79 | 0.23 | 0.87 | 1.10 | (0.23) | — | (0.23) | $12.66 | 9.42% | 0.00%(6) | 1.86% | 3% |
| $746,126 |
|
| 2012 | $11.41 | 0.25 | 0.39 | 0.64 | (0.26) | — | (0.26) | $11.79 | 5.71% | 0.00%(6) | 2.24% | 12% |
| $573,351 |
|
| 2011 | $10.42 | 0.24 | 0.99 | 1.23 | (0.24) | — | (0.24) | $11.41 | 11.90% | 0.00%(6) | 2.16% | 10% |
| $466,326 |
|
| 2010 | $9.69 | 0.23 | 0.73 | 0.96 | (0.23) | — | (0.23) | $10.42 | 9.99% | 0.00%(6) | 2.29% | 7% |
| $326,548 |
|
|
| | | | | | | | | | | | | | | |
| For a Share Outstanding Throughout the Years Ended July 31 (except as noted) | | | | | | |
| Per-Share Data | | | | | Ratios and Supplemental Data | |
| | | Income From Investment Operations: | Distributions From: | | | Ratio to Average Net Assets of: | | |
| | Net Asset Value, Beginning of Period | Net Investment Income (Loss)(1) | Net Realized and Unrealized Gain (Loss) | Total From Investment Operations | Net Investment Income | Net Realized Gains | Total Distributions | Net Asset Value, End of Period | Total Return(2) | Operating Expenses(3) | Net Investment Income (Loss) | Portfolio Turnover Rate | Net Assets, End of Period (in thousands) |
| One Choice Portfolio: Moderate — Investor Class | | | | | | | | |
2015(4) | $14.96 | 0.23 | 0.14 | 0.37 | (0.23) | (0.02) | (0.25) | $15.08 | 2.49% | 0.00%(5)(6) | 3.06%(5) | 1% |
| $1,540,278 |
|
| 2014 | $13.79 | 0.27 | 1.17 | 1.44 | (0.27) | — | (0.27) | $14.96 | 10.51% | 0.00%(6) | 1.88% | 3% |
| $1,442,589 |
|
| 2013 | $12.27 | 0.24 | 1.52 | 1.76 | (0.24) | — | (0.24) | $13.79 | 14.48% | 0.00%(6) | 1.81% | 3% |
| $1,133,569 |
|
| 2012 | $12.01 | 0.23 | 0.26 | 0.49 | (0.23) | — | (0.23) | $12.27 | 4.21% | 0.00%(6) | 1.95% | 16% |
| $869,723 |
|
| 2011 | $10.60 | 0.21 | 1.41 | 1.62 | (0.21) | — | (0.21) | $12.01 | 15.35% | 0.00%(6) | 1.80% | 11% |
| $803,485 |
|
| 2010 | $9.65 | 0.20 | 0.94 | 1.14 | (0.19) | — | (0.19) | $10.60 | 11.90% | 0.01% | 1.89% | 9% |
| $634,333 |
|
| One Choice Portfolio: Aggressive — Investor Class | | | | | | | | |
2015(4) | $16.30 | 0.25 | 0.23 | 0.48 | (0.37) | (0.23) | (0.60) | $16.18 | 2.86% | 0.00%(5)(6) | 3.03%(5) | 4% |
| $1,079,359 |
|
| 2014 | $14.75 | 0.28 | 1.52 | 1.80 | (0.25) | — | (0.25) | $16.30 | 12.26% | 0.00%(6) | 1.77% | 5% |
| $1,028,185 |
|
| 2013 | $12.68 | 0.23 | 2.05 | 2.28 | (0.21) | — | (0.21) | $14.75 | 18.15% | 0.00%(6) | 1.67% | 5% |
| $852,907 |
|
| 2012 | $12.58 | 0.20 | 0.10 | 0.30 | (0.20) | — | (0.20) | $12.68 | 2.50% | 0.00%(6) | 1.65% | 14% |
| $566,200 |
|
| 2011 | $10.75 | 0.18 | 1.82 | 2.00 | (0.17) | — | (0.17) | $12.58 | 18.67% | 0.00%(6) | 1.48% | 11% |
| $523,231 |
|
| 2010 | $9.62 | 0.17 | 1.11 | 1.28 | (0.15) | — | (0.15) | $10.75 | 13.33% | 0.01% | 1.58% | 8% |
| $421,049 |
|
|
| | | | | | | | | | | | | |
| For a Share Outstanding Throughout the Years Ended July 31 (except as noted) | | | | | | |
| Per-Share Data | | | Ratios and Supplemental Data | |
| | | Income From Investment Operations: | | | | Ratio to Average Net Assets of: | | |
| | Net Asset Value, Beginning of Period | Net Investment Income (Loss)(1) | Net Realized and Unrealized Gain (Loss) | Total From Investment Operations | Distributions From Net Investment Income | Net Asset Value, End of Period | Total Return(2) | Operating Expenses(3) | Net Investment Income (Loss) | Portfolio Turnover Rate | Net Assets, End of Period (in thousands) |
| One Choice Portfolio: Very Aggressive — Investor Class | | | | | | |
2015(4) | $17.28 | 0.27 | 0.25 | 0.52 | (0.33) | $17.47 | 2.97% | 0.00%(5)(6) | 3.09%(5) | 5% |
| $271,744 |
|
| 2014 | $15.30 | 0.24 | 1.89 | 2.13 | (0.15) | $17.28 | 13.94% | 0.00%(6) | 1.45% | 8% |
| $267,537 |
|
| 2013 | $12.62 | 0.18 | 2.63 | 2.81 | (0.13) | $15.30 | 22.42% | 0.00%(6) | 1.29% | 16% |
| $234,629 |
|
| 2012 | $12.62 | 0.12 | —(7) | 0.12 | (0.12) | $12.62 | 1.05% | 0.00%(6) | 1.02% | 13% |
| $193,193 |
|
| 2011 | $10.52 | 0.11 | 2.09 | 2.20 | (0.10) | $12.62 | 20.97% | 0.00%(6) | 0.87% | 18% |
| $203,114 |
|
| 2010 | $9.36 | 0.10 | 1.15 | 1.25 | (0.09) | $10.52 | 13.39% | 0.01% | 0.93% | 9% |
| $163,785 |
|
|
|
Notes to Financial Highlights
|
| |
| (1) | Computed using average shares outstanding throughout the period. |
| |
| (2) | Total returns are calculated based on the net asset value of the last business day. Total returns for periods less than one year are not annualized. |
| |
| (3) | Ratio of operating expenses to average net assets does not include any fees and expenses of the underlying funds. |
| |
| (4) | Six months ended January 31, 2015 (unaudited). |
| |
| (6) | Ratio was less than 0.005%. |
| |
| (7) | Per-share amount was less than $0.005. |
See Notes to Financial Statements.
Retirement Account Information
As required by law, distributions you receive from certain IRAs are subject to federal income tax withholding, unless you elect not to have withholding apply. Tax will be withheld on the total amount withdrawn even though you may be receiving amounts that are not subject to withholding, such as nondeductible contributions. In such case, excess amounts of withholding could occur. You may adjust your withholding election so that a greater or lesser amount will be withheld.
If you don’t want us to withhold on this amount, you must notify us to not withhold the federal income tax. You may notify us in writing or in certain situations by telephone or through other electronic means. For systematic withdrawals, your withholding election will remain in effect until revoked or changed by filing a new election. You have the right to revoke your election at any time.
Remember, even if you elect not to have income tax withheld, you are liable for paying income tax on the taxable portion of your withdrawal. If you elect not to have income tax withheld or you don’t have enough income tax withheld, you may be responsible for payment of estimated tax. You may incur penalties under the estimated tax rules if your withholding and estimated tax payments are not sufficient. You can reduce or defer the income tax on a distribution by directly or indirectly rolling such distribution over to another IRA or eligible plan. You should consult your tax advisor for additional information.
State tax will be withheld if, at the time of your distribution, your address is within one of the mandatory withholding states and you have federal income tax withheld (or as otherwise required by state law). State taxes will be withheld from your distribution in accordance with the respective state rules.
Distributions you receive from 403(b), 457 and qualified plans are subject to special tax and withholding rules. Your plan administrator or plan sponsor is required to provide you with a special tax notice explaining those rules at the time you request a distribution. If applicable, federal and/or state taxes may be withheld from your distribution amount.
Proxy Voting Policies
A description of the policies that the funds’ investment advisor uses in exercising the voting rights associated with the securities purchased and/or held by the funds is available without charge, upon request, by calling 1-800-345-2021. It is also available on the “About Us” page of American Century Investments’ website at americancentury.com and on the Securities and Exchange Commission’s
website at sec.gov. Information regarding how the investment advisor voted proxies relating to portfolio securities during the most recent 12-month period ended June 30 is available on the “About Us” page at americancentury.com. It is also available at sec.gov.
Quarterly Portfolio Disclosure
The funds file their complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year on Form N-Q. The funds’ Forms N-Q are available on the SEC’s website at sec.gov, and may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330. The funds also make their complete
schedule of portfolio holdings for the most recent quarter of their fiscal year available on their website at americancentury.com and, upon request, by calling 1-800-345-2021.
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| Contact Us | americancentury.com | |
| Automated Information Line | 1-800-345-8765 | |
| Investor Services Representative | 1-800-345-2021
or 816-531-5575 | |
| Investors Using Advisors | 1-800-378-9878 | |
| Business, Not-For-Profit, Employer-Sponsored Retirement Plans | 1-800-345-3533 | |
| Banks and Trust Companies, Broker-Dealers, Financial Professionals, Insurance Companies | 1-800-345-6488 | |
| Telecommunications Relay Services for the Deaf | 711 | |
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| American Century Asset Allocation Portfolios, Inc. | |
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Investment Advisor: American Century Investment Management, Inc. Kansas City, Missouri | |
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| This report and the statements it contains are submitted for the general information of our shareholders. The report is not authorized for distribution to prospective investors unless preceded or accompanied by an effective prospectus. | |
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©2015 American Century Proprietary Holdings, Inc. All rights reserved. CL-SAN-84893 1503 | |
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SEMIANNUAL REPORT | JANUARY 31, 2015 |
One ChoiceSM In Retirement Portfolio
One ChoiceSM 2015 Portfolio
One ChoiceSM 2020 Portfolio
One ChoiceSM 2025 Portfolio
One ChoiceSM 2030 Portfolio
One ChoiceSM 2035 Portfolio
One ChoiceSM 2040 Portfolio
One ChoiceSM 2045 Portfolio
One ChoiceSM 2050 Portfolio
One ChoiceSM 2055 Portfolio
|
| |
| President’s Letter | |
| Performance | |
| Portfolio Characteristics | |
| Shareholder Fee Examples | |
| Schedules of Investments | |
| Statements of Assets and Liabilities | |
| Statements of Operations | |
| Statements of Changes in Net Assets | |
| Notes to Financial Statements | |
| Financial Highlights | |
| Additional Information | |
Any opinions expressed in this report reflect those of the author as of the date of the report, and do not necessarily represent the opinions of American Century Investments® or any other person in the American Century Investments organization. Any such opinions are subject to change at any time based upon market or other conditions and American Century Investments disclaims any responsibility to update such opinions. These opinions may not be relied upon as investment advice and, because investment decisions made by American Century Investments funds are based on numerous factors, may not be relied upon as an indication of trading intent on behalf of any American Century Investments fund. Security examples are used for representational purposes only and are not intended as recommendations to purchase or sell securities. Performance information for comparative indices and securities is provided to American Century Investments by third party vendors. To the best of American Century Investments’ knowledge, such information is accurate at the time of printing.
|
| |
| Dear Investor:
Thank you for reviewing this semiannual report for the six months ended January 31, 2015. It provides a macroeconomic and financial market overview (below), followed by fund performance, a schedule of fund investments, and other financial information.
For additional commentary and updated information on fund performance, key factors that affected asset returns, and other insights regarding the investment markets, we encourage you to visit our website, americancentury.com. |
| Jonathan Thomas |
Most U.S. Investments Advanced, While Non-U.S. Generally Lagged (Especially in Dollar Terms)
“Global divergence” between the U.S. and the rest of the world emerged as a prevalent theme during the reporting period. As 2014 ended and 2015 began, the U.S. appeared to be on a different economic and monetary policy track than most other nations. This theme embraced not only the stronger economic growth enjoyed by the U.S. compared with the rest of the world, but also the related contrast between the U.S. Federal Reserve’s unwinding of monetary stimulus versus the continuation and expansion of monetary stimulus by most other major central banks.
Global divergence also generally described the broad difference between investment returns for U.S. and non-U.S. markets, especially for U.S. investors who realized their returns in dollar terms. The perceived strength, safe-haven qualities, and higher yields of U.S. investments attracted global demand. For the reporting period, the U.S. Dollar Index, the S&P 500 Index, and the Barclays U.S. Aggregate Bond Index returned 16.44%, 4.37%, and 4.36%, respectively. By contrast, for U.S. investors unhedged for currency exposure (the dollar’s strength reduced non-dollar-denominated returns when converted to dollars), the MSCI EAFE Index, the MSCI Emerging Markets Index, and the Barclays Global Aggregate Bond ex-USD (Unhedged) Index returned -6.97%, -9.05%, and -8.67%, respectively.
Plunging oil prices and falling inflation expectations also dominated the financial news. We expect low inflation and related commodity price suppression factors to affect global markets well into 2015, along with continued global divergence in economic growth and monetary policies. It appears that the Federal Reserve might finally start raising short-term U.S. interest rates this year, but global economic weakness and low inflation might delay the rate hikes until the second half of 2015 and keep them relatively small. In this environment, we continue to believe in a disciplined, diversified, long-term investment approach, using professionally managed stock and bond portfolios to meet financial goals. We appreciate your continued trust in us.
Sincerely,
Jonathan Thomas
President and Chief Executive Officer
American Century Investments
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| | | | | | | |
| Total Returns as of January 31, 2015 |
| | | | | Average Annual Returns | |
| | Ticker Symbol | 6 months(1) | 1 year | 5 years | 10 years | Since Inception | Inception Date |
| One Choice In Retirement Portfolio |
| Investor Class | ARTOX | 1.94% | 6.72% | 8.34% | 5.68% | 5.94% | 8/31/04 |
| S&P Target Date Retirement Income Index | — | 2.31% | 5.94% | 6.64% | 4.77% | 5.01% | — |
| Institutional Class | ATTIX | 2.05% | 6.93% | 8.57% | 5.90% | 6.16% | 8/31/04 |
A Class(2) | ARTAX | | | | | | 8/31/04 |
| No sales charge* | | 1.80% | 6.45% | 8.07% | 5.42% | 5.68% | |
| With sales charge* | | -4.02% | 0.35% | 6.79% | 4.79% | 5.08% | |
| C Class | ATTCX | | | | | | 3/1/10 |
| No sales charge* | | 1.39% | 5.59% | — | — | 7.00% | |
| With sales charge* | | 0.40% | 5.59% | — | — | 7.00% | |
| R Class | ARSRX | 1.74% | 6.19% | 7.80% | 5.16% | 5.41% | 8/31/04 |
| |
| * | Sales charges include initial sales charges and contingent deferred sales charges (CDSCs), as applicable. A Class shares have a 5.75% maximum initial sales charge and may be subject to a maximum CDSC of 1.00%. C Class shares redeemed within 12 months of purchase are subject to a maximum CDSC of 1.00%. The SEC requires that mutual funds provide performance information net of maximum sales charges in all cases where charges could be applied. |
| |
| (1) | Total returns for periods less than one year are not annualized. |
| |
| (2) | Prior to March 1, 2010, the A Class was referred to as the Advisor Class and did not have a front-end sales charge. Performance prior to that date has been adjusted to reflect this charge. |
A One Choice Target Date Portfolio's target date is the approximate year when investors plan to retire or start withdrawing their money. The principal value of the investment is not guaranteed at any time, including at the target date.
Data presented reflect past performance. Past performance is no guarantee of future
results. Current performance may be higher or lower than the performance shown.
Investment return and principal value will fluctuate, and redemption value may be more or
less than original cost. Data assumes reinvestment of dividends and capital gains, and
none of the charts reflect the deduction of taxes that a shareholder would pay on fund
distributions or the redemption of fund shares. To obtain performance data current to the
most recent month end, please call 1-800-345-2021 or visit americancentury.com. For
additional information about the funds, please consult the prospectus.
|
| | | | | | | |
| Total Returns as of January 31, 2015 |
| | | | | Average Annual Returns | |
| | Ticker Symbol | 6 months(1) | 1 year | 5 years | 10 years | Since Inception | Inception Date |
| One Choice 2015 Portfolio |
| Investor Class | ARFIX | 1.98% | 6.77% | 8.65% | 6.00% | 6.42% | 8/31/04 |
| S&P Target Date To 2015 Index | — | 1.72% | 6.07% | 7.51% | N/A(2) | N/A(2) | — |
| S&P Target Date 2015 Index | — | 2.00% | 6.96% | 8.64% | 5.63% | 6.04% | — |
| Institutional Class | ARNIX | 2.11% | 7.06% | 8.88% | 6.22% | 6.64% | 8/31/04 |
A Class(3) | ARFAX | | | | | | 8/31/04 |
| No sales charge* | | 1.87% | 6.58% | 8.38% | 5.75% | 6.16% | |
| With sales charge* | | -3.98% | 0.48% | 7.10% | 5.12% | 5.56% | |
| C Class | AFNCX | | | | | | 3/1/10 |
| No sales charge* | | 1.46% | 5.77% | — | — | 7.26% | |
| With sales charge* | | 0.48% | 5.77% | — | — | 7.26% | |
| R Class | ARFRX | 1.68% | 6.31% | 8.11% | 5.48% | 5.89% | 8/31/04 |
| |
| * | Sales charges include initial sales charges and contingent deferred sales charges (CDSCs), as applicable. A Class shares have a 5.75% maximum initial sales charge and may be subject to a maximum CDSC of 1.00%. C Class shares redeemed within 12 months of purchase are subject to a maximum CDSC of 1.00%. The SEC requires that mutual funds provide performance information net of maximum sales charges in all cases where charges could be applied. |
| |
| (1) | Total returns for periods less than one year are not annualized. |
| |
| (2) | Benchmark data first available May 2007. |
| |
| (3) | Prior to March 1, 2010, the A Class was referred to as the Advisor Class and did not have a front-end sales charge. Performance prior to that date has been adjusted to reflect this charge. |
A One Choice Target Date Portfolio's target date is the approximate year when investors plan to retire or start withdrawing their money. The principal value of the investment is not guaranteed at any time, including at the target date.
Data presented reflect past performance. Past performance is no guarantee of future
results. Current performance may be higher or lower than the performance shown.
Investment return and principal value will fluctuate, and redemption value may be more or
less than original cost. Data assumes reinvestment of dividends and capital gains, and
none of the charts reflect the deduction of taxes that a shareholder would pay on fund
distributions or the redemption of fund shares. To obtain performance data current to the
most recent month end, please call 1-800-345-2021 or visit americancentury.com. For
additional information about the funds, please consult the prospectus.
|
| | | | | | |
| Total Returns as of January 31, 2015 |
| | | | | Average Annual Returns | |
| | Ticker Symbol | 6 months(1) | 1 year | 5 years | Since Inception | Inception Date |
| One Choice 2020 Portfolio |
| Investor Class | ARBVX | 2.19% | 7.45% | 9.20% | 5.50% | 5/30/08 |
| S&P Target Date To 2020 Index | — | 1.42% | 6.28% | 8.27% | 4.67% | — |
| Institutional Class | ARBSX | 2.23% | 7.58% | 9.43% | 5.69% | 5/30/08 |
A Class(2) | ARBMX | | | | | 5/30/08 |
| No sales charge* | | 2.10% | 7.10% | 8.94% | 5.23% | |
| With sales charge* | | -3.80% | 0.95% | 7.66% | 4.30% | |
| C Class | ARNCX | | | | | 3/1/10 |
| No sales charge* | | 1.66% | 6.36% | — | 7.77% | |
| With sales charge* | | 0.67% | 6.36% | — | 7.77% | |
| R Class | ARBRX | 1.93% | 6.92% | 8.66% | 4.97% | 5/30/08 |
| |
| * | Sales charges include initial sales charges and contingent deferred sales charges (CDSCs), as applicable. A Class shares have a 5.75% maximum initial sales charge and may be subject to a maximum CDSC of 1.00%. C Class shares redeemed within 12 months of purchase are subject to a maximum CDSC of 1.00%. The SEC requires that mutual funds provide performance information net of maximum sales charges in all cases where charges could be applied. |
| |
| (1) | Total returns for periods less than one year are not annualized. |
| |
| (2) | Prior to March 1, 2010, the A Class was referred to as the Advisor Class and did not have a front-end sales charge. Performance prior to that date has been adjusted to reflect this charge. |
A One Choice Target Date Portfolio's target date is the approximate year when investors plan to retire or start withdrawing their money. The principal value of the investment is not guaranteed at any time, including at the target date.
Data presented reflect past performance. Past performance is no guarantee of future
results. Current performance may be higher or lower than the performance shown.
Investment return and principal value will fluctuate, and redemption value may be more or
less than original cost. Data assumes reinvestment of dividends and capital gains, and
none of the charts reflect the deduction of taxes that a shareholder would pay on fund
distributions or the redemption of fund shares. To obtain performance data current to the
most recent month end, please call 1-800-345-2021 or visit americancentury.com. For
additional information about the funds, please consult the prospectus.
|
| | | | | | | |
| Total Returns as of January 31, 2015 |
| | | | | Average Annual Returns | |
| | Ticker Symbol | 6 months(1) | 1 year | 5 years | 10 years | Since Inception | Inception Date |
| One Choice 2025 Portfolio |
| Investor Class | ARWIX | 2.33% | 7.89% | 9.77% | 6.46% | 6.98% | 8/31/04 |
| S&P Target Date To 2025 Index | — | 1.13% | 6.47% | 8.97% | N/A(2) | N/A(2) | — |
| S&P Target Date 2025 Index | — | 1.40% | 7.34% | 10.07% | 6.10% | 6.63% | — |
| Institutional Class | ARWFX | 2.47% | 8.10% | 9.99% | 6.67% | 7.19% | 8/31/04 |
A Class(3) | ARWAX | | | | | | 8/31/04 |
| No sales charge* | | 2.22% | 7.62% | 9.50% | 6.19% | 6.71% | |
| With sales charge* | | -3.68% | 1.45% | 8.21% | 5.57% | 6.11% | |
| C Class | ARWCX | | | | | | 3/1/10 |
| No sales charge* | | 1.86% | 6.86% | — | — | 8.27% | |
| With sales charge* | | 0.87% | 6.86% | — | — | 8.27% | |
| R Class | ARWRX | 2.17% | 7.42% | 9.22% | 5.94% | 6.45% | 8/31/04 |
| |
| * | Sales charges include initial sales charges and contingent deferred sales charges (CDSCs), as applicable. A Class shares have a 5.75% maximum initial sales charge and may be subject to a maximum CDSC of 1.00%. C Class shares redeemed within 12 months of purchase are subject to a maximum CDSC of 1.00%. The SEC requires that mutual funds provide performance information net of maximum sales charges in all cases where charges could be applied. |
| |
| (1) | Total returns for periods less than one year are not annualized. |
| |
| (2) | Benchmark data first available May 2007. |
| |
| (3) | Prior to March 1, 2010, the A Class was referred to as the Advisor Class and did not have a front-end sales charge. Performance prior to that date has been adjusted to reflect this charge. |
A One Choice Target Date Portfolio's target date is the approximate year when investors plan to retire or start withdrawing their money. The principal value of the investment is not guaranteed at any time, including at the target date.
Data presented reflect past performance. Past performance is no guarantee of future
results. Current performance may be higher or lower than the performance shown.
Investment return and principal value will fluctuate, and redemption value may be more or
less than original cost. Data assumes reinvestment of dividends and capital gains, and
none of the charts reflect the deduction of taxes that a shareholder would pay on fund
distributions or the redemption of fund shares. To obtain performance data current to the
most recent month end, please call 1-800-345-2021 or visit americancentury.com. For
additional information about the funds, please consult the prospectus.
|
| | | | | | |
| Total Returns as of January 31, 2015 |
| | | | | Average Annual Returns | |
| | Ticker Symbol | 6 months(1) | 1 year | 5 years | Since Inception | Inception Date |
| One Choice 2030 Portfolio |
| Investor Class | ARCVX | 2.67% | 8.51% | 10.37% | 5.58% | 5/30/08 |
| S&P Target Date To 2030 Index | — | 0.85% | 6.63% | 9.63% | 4.67% | — |
| Institutional Class | ARCSX | 2.79% | 8.74% | 10.58% | 5.78% | 5/30/08 |
A Class(2) | ARCMX | | | | | 5/30/08 |
| No sales charge* | | 2.49% | 8.25% | 10.09% | 5.30% | |
| With sales charge* | | -3.42% | 2.00% | 8.80% | 4.37% | |
| C Class | ARWOX | | | | | 3/1/10 |
| No sales charge* | | 2.13% | 7.41% | — | 8.78% | |
| With sales charge* | | 1.14% | 7.41% | — | 8.78% | |
| R Class | ARCRX | 2.40% | 7.88% | 9.81% | 5.04% | 5/30/08 |
| |
| * | Sales charges include initial sales charges and contingent deferred sales charges (CDSCs), as applicable. A Class shares have a 5.75% maximum initial sales charge and may be subject to a maximum CDSC of 1.00%. C Class shares redeemed within 12 months of purchase are subject to a maximum CDSC of 1.00%. The SEC requires that mutual funds provide performance information net of maximum sales charges in all cases where charges could be applied. |
| |
| (1) | Total returns for periods less than one year are not annualized. |
| |
| (2) | Prior to March 1, 2010, the A Class was referred to as the Advisor Class and did not have a front-end sales charge. Performance prior to that date has been adjusted to reflect this charge. |
A One Choice Target Date Portfolio's target date is the approximate year when investors plan to retire or start withdrawing their money. The principal value of the investment is not guaranteed at any time, including at the target date.
Data presented reflect past performance. Past performance is no guarantee of future
results. Current performance may be higher or lower than the performance shown.
Investment return and principal value will fluctuate, and redemption value may be more or
less than original cost. Data assumes reinvestment of dividends and capital gains, and
none of the charts reflect the deduction of taxes that a shareholder would pay on fund
distributions or the redemption of fund shares. To obtain performance data current to the
most recent month end, please call 1-800-345-2021 or visit americancentury.com. For
additional information about the funds, please consult the prospectus.
|
| | | | | | | |
| Total Returns as of January 31, 2015 |
| | | | | Average Annual Returns | |
| | Ticker Symbol | 6 months(1) | 1 year | 5 years | 10 years | Since Inception | Inception Date |
| One Choice 2035 Portfolio |
| Investor Class | ARYIX | 2.89% | 9.12% | 11.09% | 6.88% | 7.51% | 8/31/04 |
| S&P Target Date To 2035 Index | — | 0.57% | 6.79% | 10.21% | N/A(2) | N/A(2) | — |
| S&P Target Date 2035 Index | — | 1.05% | 7.74% | 11.05% | 6.28% | 6.88% | — |
| Institutional Class | ARLIX | 3.10% | 9.40% | 11.32% | 7.09% | 7.73% | 8/31/04 |
A Class(3) | ARYAX | | | | | | 8/31/04 |
| No sales charge* | | 2.76% | 8.84% | 10.81% | 6.61% | 7.24% | |
| With sales charge* | | -3.14% | 2.57% | 9.52% | 5.98% | 6.64% | |
| C Class | ARLCX | | | | | | 3/1/10 |
| No sales charge* | | 2.44% | 8.08% | — | — | 9.44% | |
| With sales charge* | | 1.46% | 8.08% | — | — | 9.44% | |
| R Class | ARYRX | 2.63% | 8.57% | 10.54% | 6.34% | 6.98% | 8/31/04 |
| |
| * | Sales charges include initial sales charges and contingent deferred sales charges (CDSCs), as applicable. A Class shares have a 5.75% maximum initial sales charge and may be subject to a maximum CDSC of 1.00%. C Class shares redeemed within 12 months of purchase are subject to a maximum CDSC of 1.00%. The SEC requires that mutual funds provide performance information net of maximum sales charges in all cases where charges could be applied. |
| |
| (1) | Total returns for periods less than one year are not annualized. |
| |
| (2) | Benchmark data first available May 2007. |
| |
| (3) | Prior to March 1, 2010, the A Class was referred to as the Advisor Class and did not have a front-end sales charge. Performance prior to that date has been adjusted to reflect this charge. |
A One Choice Target Date Portfolio's target date is the approximate year when investors plan to retire or start withdrawing their money. The principal value of the investment is not guaranteed at any time, including at the target date.
Data presented reflect past performance. Past performance is no guarantee of future
results. Current performance may be higher or lower than the performance shown.
Investment return and principal value will fluctuate, and redemption value may be more or
less than original cost. Data assumes reinvestment of dividends and capital gains, and
none of the charts reflect the deduction of taxes that a shareholder would pay on fund
distributions or the redemption of fund shares. To obtain performance data current to the
most recent month end, please call 1-800-345-2021 or visit americancentury.com. For
additional information about the funds, please consult the prospectus.
|
| | | | | | |
| Total Returns as of January 31, 2015 |
| | | | | Average Annual Returns | |
| | Ticker Symbol | 6 months(1) | 1 year | 5 years | Since Inception | Inception Date |
| One Choice 2040 Portfolio |
| Investor Class | ARDVX | 3.10% | 9.75% | 11.74% | 6.06% | 5/30/08 |
| S&P Target Date To 2040 Index | — | 0.32% | 6.90% | 10.71% | 4.72% | — |
| Institutional Class | ARDSX | 3.22% | 9.97% | 11.97% | 6.27% | 5/30/08 |
A Class(2) | ARDMX | | | | | 5/30/08 |
| No sales charge* | | 2.92% | 9.39% | 11.45% | 5.79% | |
| With sales charge* | | -2.98% | 3.08% | 10.13% | 4.86% | |
| C Class | ARNOX | | | | | 3/1/10 |
| No sales charge* | | 2.61% | 8.73% | — | 10.02% | |
| With sales charge* | | 1.62% | 8.73% | — | 10.02% | |
| R Class | ARDRX | 2.82% | 9.21% | 11.19% | 5.53% | 5/30/08 |
| |
| * | Sales charges include initial sales charges and contingent deferred sales charges (CDSCs), as applicable. A Class shares have a 5.75% maximum initial sales charge and may be subject to a maximum CDSC of 1.00%. C Class shares redeemed within 12 months of purchase are subject to a maximum CDSC of 1.00%. The SEC requires that mutual funds provide performance information net of maximum sales charges in all cases where charges could be applied. |
| |
| (1) | Total returns for periods less than one year are not annualized. |
| |
| (2) | Prior to March 1, 2010, the A Class was referred to as the Advisor Class and did not have a front-end sales charge. Performance prior to that date has been adjusted to reflect this charge. |
A One Choice Target Date Portfolio's target date is the approximate year when investors plan to retire or start withdrawing their money. The principal value of the investment is not guaranteed at any time, including at the target date.
Data presented reflect past performance. Past performance is no guarantee of future
results. Current performance may be higher or lower than the performance shown.
Investment return and principal value will fluctuate, and redemption value may be more or
less than original cost. Data assumes reinvestment of dividends and capital gains, and
none of the charts reflect the deduction of taxes that a shareholder would pay on fund
distributions or the redemption of fund shares. To obtain performance data current to the
most recent month end, please call 1-800-345-2021 or visit americancentury.com. For
additional information about the funds, please consult the prospectus.
|
| | | | | | | |
| Total Returns as of January 31, 2015 |
| | | | | Average Annual Returns | |
| | Ticker Symbol | 6 months(1) | 1 year | 5 years | 10 years | Since Inception | Inception Date |
| One Choice 2045 Portfolio |
| Investor Class | AROIX | 3.08% | 10.21% | 12.15% | 7.20% | 7.89% | 8/31/04 |
| S&P Target Date To 2045 Index | — | 0.09% | 6.99% | 11.15% | N/A(2) | N/A(2) | — |
S&P Target Date 2040 Index(3) | — | 0.89% | 7.86% | 11.35% | 6.36% | 6.99% | — |
| Institutional Class | AOOIX | 3.22% | 10.50% | 12.36% | 7.42% | 8.10% | 8/31/04 |
A Class(4) | AROAX | | | | | | 8/31/04 |
| No sales charge* | | 2.95% | 9.94% | 11.86% | 6.93% | 7.62% | |
| With sales charge* | | -2.98% | 3.65% | 10.53% | 6.31% | 7.01% | |
| C Class | AROCX | | | | | | 3/1/10 |
| No sales charge* | | 2.61% | 9.16% | — | — | 10.40% | |
| With sales charge* | | 1.62% | 9.16% | — | — | 10.40% | |
| R Class | ARORX | 2.88% | 9.73% | 11.59% | 6.67% | 7.35% | 8/31/04 |
| |
| * | Sales charges include initial sales charges and contingent deferred sales charges (CDSCs), as applicable. A Class shares have a 5.75% maximum initial sales charge and may be subject to a maximum CDSC of 1.00%. C Class shares redeemed within 12 months of purchase are subject to a maximum CDSC of 1.00%. The SEC requires that mutual funds provide performance information net of maximum sales charges in all cases where charges could be applied. |
| |
| (1) | Total returns for periods less than one year are not annualized. |
| |
| (2) | Benchmark data first available May 2007. |
| |
| (3) | There is not an S&P Target Date 2045 (or longer) Index with history to cover the performance period since the fund's inception. The fund's investment advisor believes the S&P Target Date 2040 Index is a reasonable proxy for comparison purposes. |
| |
| (4) | Prior to March 1, 2010, the A Class was referred to as the Advisor Class and did not have a front-end sales charge. Performance prior to that date has been adjusted to reflect this charge. |
A One Choice Target Date Portfolio's target date is the approximate year when investors plan to retire or start withdrawing their money. The principal value of the investment is not guaranteed at any time, including at the target date.
Data presented reflect past performance. Past performance is no guarantee of future
results. Current performance may be higher or lower than the performance shown.
Investment return and principal value will fluctuate, and redemption value may be more or
less than original cost. Data assumes reinvestment of dividends and capital gains, and
none of the charts reflect the deduction of taxes that a shareholder would pay on fund
distributions or the redemption of fund shares. To obtain performance data current to the
most recent month end, please call 1-800-345-2021 or visit americancentury.com. For
additional information about the funds, please consult the prospectus.
|
| | | | | | |
| Total Returns as of January 31, 2015 |
| | | | | Average Annual Returns | |
| | Ticker Symbol | 6 months(1) | 1 year | 5 years | Since Inception | Inception Date |
| One Choice 2050 Portfolio |
| Investor Class | ARFVX | 3.06% | 10.45% | 12.35% | 5.91% | 5/30/08 |
| S&P Target Date To 2050 Index | — | -0.14% | 7.06% | 11.39% | 4.96% | — |
| Institutional Class | ARFSX | 3.19% | 10.67% | 12.59% | 6.13% | 5/30/08 |
A Class(2) | ARFMX | | | | | 5/30/08 |
| No sales charge* | | 2.96% | 10.18% | 12.07% | 5.65% | |
| With sales charge* | | -2.94% | 3.85% | 10.75% | 4.71% | |
| C Class | ARFDX | | | | | 3/1/10 |
| No sales charge* | | 2.58% | 9.32% | — | 10.57% | |
| With sales charge* | | 1.59% | 9.32% | — | 10.57% | |
| R Class | ARFWX | 2.86% | 9.90% | 11.78% | 5.38% | 5/30/08 |
| |
| * | Sales charges include initial sales charges and contingent deferred sales charges (CDSCs), as applicable. A Class shares have a 5.75% maximum initial sales charge and may be subject to a maximum CDSC of 1.00%. C Class shares redeemed within 12 months of purchase are subject to a maximum CDSC of 1.00%. The SEC requires that mutual funds provide performance information net of maximum sales charges in all cases where charges could be applied. |
| |
| (1) | Total returns for periods less than one year are not annualized. |
| |
| (2) | Prior to March 1, 2010, the A Class was referred to as the Advisor Class and did not have a front-end sales charge. Performance prior to that date has been adjusted to reflect this charge. |
A One Choice Target Date Portfolio's target date is the approximate year when investors plan to retire or start withdrawing their money. The principal value of the investment is not guaranteed at any time, including at the target date.
Data presented reflect past performance. Past performance is no guarantee of future
results. Current performance may be higher or lower than the performance shown.
Investment return and principal value will fluctuate, and redemption value may be more or
less than original cost. Data assumes reinvestment of dividends and capital gains, and
none of the charts reflect the deduction of taxes that a shareholder would pay on fund
distributions or the redemption of fund shares. To obtain performance data current to the
most recent month end, please call 1-800-345-2021 or visit americancentury.com. For
additional information about the funds, please consult the prospectus.
|
| | | | | |
| Total Returns as of January 31, 2015 |
| | | | | Average Annual Returns | |
| | Ticker Symbol | 6 months(1) | 1 year | Since Inception | Inception Date |
| One Choice 2055 Portfolio |
| Investor Class | AREVX | 3.17% | 10.71% | 9.90% | 3/31/11 |
| S&P Target Date To 2055+ Index | — | -0.36% | 7.15% | 8.45% | — |
| Institutional Class | ARENX | 3.22% | 10.85% | 10.09% | 3/31/11 |
| A Class | AREMX | | | | 3/31/11 |
| No sales charge* | | 3.07% | 10.44% | 9.61% | |
| With sales charge* | | -2.82% | 4.10% | 7.93% | |
| C Class | AREFX | | | | 3/31/11 |
| No sales charge* | | 2.68% | 9.60% | 8.80% | |
| With sales charge* | | 1.68% | 9.60% | 8.80% | |
| R Class | AREOX | 2.89% | 10.16% | 9.34% | 3/31/11 |
| |
| * | Sales charges include initial sales charges and contingent deferred sales charges (CDSCs), as applicable. A Class shares have a 5.75% maximum initial sales charge and may be subject to a maximum CDSC of 1.00%. C Class shares redeemed within 12 months of purchase are subject to a maximum CDSC of 1.00%. The SEC requires that mutual funds provide performance information net of maximum sales charges in all cases where charges could be applied. |
| |
| (1) | Total returns for periods less than one year are not annualized. |
A One Choice Target Date Portfolio's target date is the approximate year when investors plan to retire or start withdrawing their money. The principal value of the investment is not guaranteed at any time, including at the target date.
Data presented reflect past performance. Past performance is no guarantee of future
results. Current performance may be higher or lower than the performance shown.
Investment return and principal value will fluctuate, and redemption value may be more or
less than original cost. Data assumes reinvestment of dividends and capital gains, and
none of the charts reflect the deduction of taxes that a shareholder would pay on fund
distributions or the redemption of fund shares. To obtain performance data current to the
most recent month end, please call 1-800-345-2021 or visit americancentury.com. For
additional information about the funds, please consult the prospectus.
|
| | | | | |
| Total Annual Fund Operating Expenses |
| | Investor Class | Institutional Class | A Class | C Class | R Class |
| One Choice In Retirement Portfolio | 0.76% | 0.56% | 1.01% | 1.76% | 1.26% |
| One Choice 2015 Portfolio | 0.76% | 0.56% | 1.01% | 1.76% | 1.26% |
| One Choice 2020 Portfolio | 0.79% | 0.59% | 1.04% | 1.79% | 1.29% |
| One Choice 2025 Portfolio | 0.82% | 0.62% | 1.07% | 1.82% | 1.32% |
| One Choice 2030 Portfolio | 0.84% | 0.64% | 1.09% | 1.84% | 1.34% |
| One Choice 2035 Portfolio | 0.87% | 0.67% | 1.12% | 1.87% | 1.37% |
| One Choice 2040 Portfolio | 0.90% | 0.70% | 1.15% | 1.90% | 1.40% |
| One Choice 2045 Portfolio | 0.94% | 0.74% | 1.19% | 1.94% | 1.44% |
| One Choice 2050 Portfolio | 0.95% | 0.75% | 1.20% | 1.95% | 1.45% |
| One Choice 2055 Portfolio | 0.96% | 0.76% | 1.21% | 1.96% | 1.46% |
The total annual fund operating expenses shown is as stated in the fund’s prospectus current as of the date of this report. The prospectus may vary from the expense ratio shown elsewhere in this report because it is based on a different time period, includes acquired fund fees and expenses, and, if applicable, does not include fee waivers or expense reimbursements.
A One Choice Target Date Portfolio's target date is the approximate year when investors plan to retire or start withdrawing their money. The principal value of the investment is not guaranteed at any time, including at the target date.
Data presented reflect past performance. Past performance is no guarantee of future
results. Current performance may be higher or lower than the performance shown.
Investment return and principal value will fluctuate, and redemption value may be more or
less than original cost. Data assumes reinvestment of dividends and capital gains, and
none of the charts reflect the deduction of taxes that a shareholder would pay on fund
distributions or the redemption of fund shares. To obtain performance data current to the
most recent month end, please call 1-800-345-2021 or visit americancentury.com. For
additional information about the funds, please consult the prospectus.
|
|
| Portfolio Characteristics |
|
| | | | | |
Underlying Fund Allocations(1) as a % of net assets as of January 31, 2015 |
| | One Choice In Retirement Portfolio | One Choice 2015 Portfolio | One Choice 2020 Portfolio | One Choice 2025 Portfolio | One Choice 2030 Portfolio |
| Equity |
| NT Core Equity Plus Fund | 2.9% | 3.0% | 2.9% | 2.9% | 3.2% |
| NT Equity Growth Fund | 9.9% | 9.8% | 9.6% | 9.1% | 9.1% |
| NT Growth Fund | 6.4% | 6.5% | 7.7% | 8.7% | 10.4% |
| NT Heritage Fund | 2.5% | 2.5% | 3.5% | 4.5% | 5.0% |
| NT Large Company Value Fund | 10.8% | 10.8% | 11.1% | 11.1% | 11.6% |
| NT Mid Cap Value Fund | 3.9% | 4.0% | 4.7% | 5.4% | 5.2% |
| NT Small Company Fund | 2.0% | 2.0% | 2.0% | 2.2% | 3.2% |
| Real Estate Fund | 1.1% | 1.0% | 1.3% | 1.5% | 1.8% |
| NT Emerging Markets Fund | — | — | 1.0% | 2.3% | 2.7% |
| NT International Growth Fund | 5.1% | 5.0% | 5.7% | 6.8% | 8.3% |
| Total Equity | 44.6% | 44.6% | 49.5% | 54.5% | 60.5% |
| Fixed Income | | | | | |
| High-Yield Fund | 3.8% | 3.8% | 3.7% | 3.5% | 3.2% |
| Inflation-Adjusted Bond Fund | 1.5% | 1.5% | 2.9% | 4.1% | 4.9% |
| NT Diversified Bond Fund | 27.0% | 26.9% | 25.8% | 24.9% | 22.4% |
| Short Duration Inflation Protection Bond Fund | 6.1% | 6.2% | 4.5% | 3.0% | 1.5% |
| International Bond Fund | 7.0% | 6.9% | 6.1% | 5.0% | 2.5% |
| Total Fixed Income | 45.4% | 45.3% | 43.0% | 40.5% | 34.5% |
| Premium Money Market Fund | 10.0% | 10.1% | 7.5% | 5.0% | 5.0% |
| Other Assets and Liabilities | —(2) | —(2) | —(2) | —(2) | —(2) |
| |
| (1) | Underlying fund investments represent Institutional Class, except Premium Money Market Fund Investor Class. |
| |
| (2) | Category is less than 0.05% of total net assets. |
|
| | | | | |
Underlying Fund Allocations(1) as a % of net assets as of January 31, 2015 |
| | One Choice 2035 Portfolio | One Choice 2040 Portfolio | One Choice 2045 Portfolio | One Choice 2050 Portfolio | One Choice 2055 Portfolio |
| Equity | | | | | |
| NT Core Equity Plus Fund | 3.2% | 3.4% | 4.1% | 4.4% | 4.5% |
| NT Equity Growth Fund | 9.1% | 9.9% | 10.1% | 10.2% | 10.7% |
| NT Growth Fund | 12.4% | 13.4% | 14.4% | 14.7% | 15.2% |
| NT Heritage Fund | 5.3% | 6.3% | 7.3% | 7.3% | 7.5% |
| NT Large Company Value Fund | 12.3% | 13.4% | 14.3% | 14.9% | 15.4% |
| NT Mid Cap Value Fund | 5.2% | 6.1% | 7.2% | 7.2% | 7.5% |
| NT Small Company Fund | 4.2% | 4.1% | 4.0% | 4.5% | 4.9% |
| Real Estate Fund | 2.1% | 2.4% | 2.6% | 2.7% | 3.0% |
| NT Emerging Markets Fund | 3.2% | 4.2% | 5.3% | 5.9% | 6.5% |
| NT International Growth Fund | 9.5% | 9.8% | 10.3% | 10.1% | 9.5% |
| Total Equity | 66.5% | 73.0% | 79.6% | 81.9% | 84.7% |
| Fixed Income | | | | | |
| High-Yield Fund | 2.8% | 2.4% | 2.0% | 1.7% | 1.5% |
| Inflation-Adjusted Bond Fund | 5.5% | 4.9% | 4.1% | 3.6% | 3.1% |
| NT Diversified Bond Fund | 20.0% | 17.2% | 14.3% | 12.8% | 10.7% |
| Short Duration Inflation Protection Bond Fund | 0.2% | — | — | — | — |
| Total Fixed Income | 28.5% | 24.5% | 20.4% | 18.1% | 15.3% |
| Premium Money Market Fund | 5.0% | 2.5% | — | — | — |
| Other Assets and Liabilities | —(2) | —(2) | —(2) | —(2) | —(2) |
| |
| (1) | Underlying fund investments represent Institutional Class, except Premium Money Market Fund Investor Class. |
| |
| (2) | Category is less than 0.05% of total net assets. |
Fund shareholders may incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments and redemption/exchange fees; and (2) ongoing costs, including management fees; distribution and service (12b-1) fees; and other fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in your fund and to compare these costs with the ongoing cost of investing in other mutual funds. As a shareholder in the underlying American Century Investments funds, your fund will indirectly bear its pro rata share of the expenses incurred by the underlying funds. These expenses are not included in the fund’s annualized expense ratio or the expenses paid during the period. These expenses are, however, included in the effective expenses paid during the period.
The example is based on an investment of $1,000 made at the beginning of the period and held for the entire period from August 1, 2014 to January 31, 2015.
Actual Expenses
The table provides information about actual account values and actual expenses for each class. You may use the information, together with the amount you invested, to estimate the expenses that you paid over the period. First, identify the share class you own. Then simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number under the heading “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.
If you hold Investor Class shares of any American Century Investments fund, or Institutional Class shares of the American Century Diversified Bond Fund, in an American Century Investments account (i.e., not a financial intermediary or retirement plan account), American Century Investments may charge you a $12.50 semiannual account maintenance fee if the value of those shares is less than $10,000. We will redeem shares automatically in one of your accounts to pay the $12.50 fee. In determining your total eligible investment amount, we will include your investments in all personal accounts (including American Century Investments Brokerage accounts) registered under your Social Security number. Personal accounts include individual accounts, joint accounts, UGMA/UTMA accounts, personal trusts, Coverdell Education Savings Accounts and IRAs (including traditional, Roth, Rollover, SEP-, SARSEP- and SIMPLE-IRAs), and certain other retirement accounts. If you have only business, business retirement, employer-sponsored or American Century Investments Brokerage accounts, you are currently not subject to this fee. If you are subject to the Account Maintenance Fee, your account value could be reduced by the fee amount.
Hypothetical Example for Comparison Purposes
The table also provides information about hypothetical account values and hypothetical expenses based on the actual expense ratio of each class of your fund and an assumed rate of return of 5% per year before expenses, which is not the actual return of a fund’s share class. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in your fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads) or redemption/exchange fees. Therefore, the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.
|
| | | | | | |
| | Beginning
Account Value
8/1/14 | Ending
Account Value
1/31/15 | Expenses Paid
During Period(1)
8/1/14 - 1/31/15 | Annualized Expense Ratio(1) | Effective
Expenses
Paid During
Period(2) 8/1/14 - 1/31/15 | Effective Annualized Expense Ratio(2) |
| One Choice In Retirement Portfolio |
| Actual | | | | | | |
| Investor Class | $1,000 | $1,019.40 | $1.02 | 0.20% | $3.87 | 0.76% |
| Institutional Class | $1,000 | $1,020.50 | $0.00 | 0.00%(3) | $2.85 | 0.56% |
| A Class | $1,000 | $1,018.00 | $2.29 | 0.45% | $5.14 | 1.01% |
| C Class | $1,000 | $1,013.90 | $6.09 | 1.20% | $8.93 | 1.76% |
| R Class | $1,000 | $1,017.40 | $3.56 | 0.70% | $6.41 | 1.26% |
| Hypothetical | | | | | | |
| Investor Class | $1,000 | $1,024.20 | $1.02 | 0.20% | $3.87 | 0.76% |
| Institutional Class | $1,000 | $1,025.21 | $0.00 | 0.00%(3) | $2.85 | 0.56% |
| A Class | $1,000 | $1,022.94 | $2.29 | 0.45% | $5.14 | 1.01% |
| C Class | $1,000 | $1,019.16 | $6.11 | 1.20% | $8.94 | 1.76% |
| R Class | $1,000 | $1,021.68 | $3.57 | 0.70% | $6.41 | 1.26% |
| One Choice 2015 Portfolio |
| Actual | | | | | | |
| Investor Class | $1,000 | $1,019.80 | $1.02 | 0.20% | $3.87 | 0.76% |
| Institutional Class | $1,000 | $1,021.10 | $0.00 | 0.00%(3) | $2.85 | 0.56% |
| A Class | $1,000 | $1,018.70 | $2.29 | 0.45% | $5.14 | 1.01% |
| C Class | $1,000 | $1,014.60 | $6.09 | 1.20% | $8.94 | 1.76% |
| R Class | $1,000 | $1,016.80 | $3.56 | 0.70% | $6.41 | 1.26% |
| Hypothetical | | | | | | |
| Investor Class | $1,000 | $1,024.20 | $1.02 | 0.20% | $3.87 | 0.76% |
| Institutional Class | $1,000 | $1,025.21 | $0.00 | 0.00%(3) | $2.85 | 0.56% |
| A Class | $1,000 | $1,022.94 | $2.29 | 0.45% | $5.14 | 1.01% |
| C Class | $1,000 | $1,019.16 | $6.11 | 1.20% | $8.94 | 1.76% |
| R Class | $1,000 | $1,021.68 | $3.57 | 0.70% | $6.41 | 1.26% |
| |
| (1) | Expenses are equal to the class's annualized expense ratio listed in the table above, multiplied by the average account value over the period, multiplied by 184, the number of days in the most recent fiscal half-year, divided by 365, to reflect the one-half year period. The fees and expenses of the underlying American Century Investments funds in which the fund invests are not included in the class's annualized expense ratio. |
| |
| (2) | Effective expenses reflect the sum of expenses borne directly by the class plus the fund's pro rata share of the weighted average expense ratio of the underlying funds in which it invests. The effective annualized expense ratio combines the class's annualized expense ratio and the annualized weighted average expense ratio of the underlying funds. The annualized weighted average expense ratio of the underlying funds for the one-half year period reflects the actual expense ratio of each underlying fund from its most recent shareholder report, annualized and weighted for the fund's relative average investment therein during the period. |
| |
| (3) | Other expenses, which include directors' fees and expenses, did not exceed 0.005%. |
|
| | | | | | |
| | Beginning
Account Value
8/1/14 | Ending
Account Value
1/31/15 | Expenses Paid
During Period(1)
8/1/14 - 1/31/15 | Annualized Expense Ratio(1) | Effective
Expenses
Paid During
Period(2) 8/1/14 - 1/31/15 | Effective Annualized Expense Ratio(2) |
| One Choice 2020 Portfolio |
| Actual | | | | | | |
| Investor Class | $1,000 | $1,021.90 | $1.02 | 0.20% | $4.03 | 0.79% |
| Institutional Class | $1,000 | $1,022.30 | $0.00 | 0.00%(3) | $3.01 | 0.59% |
| A Class | $1,000 | $1,021.00 | $2.29 | 0.45% | $5.30 | 1.04% |
| C Class | $1,000 | $1,016.60 | $6.10 | 1.20% | $9.10 | 1.79% |
| R Class | $1,000 | $1,019.30 | $3.56 | 0.70% | $6.57 | 1.29% |
| Hypothetical | | | | | | |
| Investor Class | $1,000 | $1,024.20 | $1.02 | 0.20% | $4.02 | 0.79% |
| Institutional Class | $1,000 | $1,025.21 | $0.00 | 0.00%(3) | $3.01 | 0.59% |
| A Class | $1,000 | $1,022.94 | $2.29 | 0.45% | $5.30 | 1.04% |
| C Class | $1,000 | $1,019.16 | $6.11 | 1.20% | $9.10 | 1.79% |
| R Class | $1,000 | $1,021.68 | $3.57 | 0.70% | $6.56 | 1.29% |
| One Choice 2025 Portfolio |
| Actual | | | | | | |
| Investor Class | $1,000 | $1,023.30 | $1.02 | 0.20% | $4.18 | 0.82% |
| Institutional Class | $1,000 | $1,024.70 | $0.00 | 0.00%(3) | $3.16 | 0.62% |
| A Class | $1,000 | $1,022.20 | $2.29 | 0.45% | $5.45 | 1.07% |
| C Class | $1,000 | $1,018.60 | $6.11 | 1.20% | $9.26 | 1.82% |
| R Class | $1,000 | $1,021.70 | $3.57 | 0.70% | $6.73 | 1.32% |
| Hypothetical | | | | | | |
| Investor Class | $1,000 | $1,024.20 | $1.02 | 0.20% | $4.18 | 0.82% |
| Institutional Class | $1,000 | $1,025.21 | $0.00 | 0.00%(3) | $3.16 | 0.62% |
| A Class | $1,000 | $1,022.94 | $2.29 | 0.45% | $5.45 | 1.07% |
| C Class | $1,000 | $1,019.16 | $6.11 | 1.20% | $9.25 | 1.82% |
| R Class | $1,000 | $1,021.68 | $3.57 | 0.70% | $6.72 | 1.32% |
| |
| (1) | Expenses are equal to the class's annualized expense ratio listed in the table above, multiplied by the average account value over the period, multiplied by 184, the number of days in the most recent fiscal half-year, divided by 365, to reflect the one-half year period. The fees and expenses of the underlying American Century Investments funds in which the fund invests are not included in the class's annualized expense ratio. |
| |
| (2) | Effective expenses reflect the sum of expenses borne directly by the class plus the fund's pro rata share of the weighted average expense ratio of the underlying funds in which it invests. The effective annualized expense ratio combines the class's annualized expense ratio and the annualized weighted average expense ratio of the underlying funds. The annualized weighted average expense ratio of the underlying funds for the one-half year period reflects the actual expense ratio of each underlying fund from its most recent shareholder report, annualized and weighted for the fund's relative average investment therein during the period. |
| |
| (3) | Other expenses, which include directors' fees and expenses, did not exceed 0.005%. |
|
| | | | | | |
| | Beginning
Account Value
8/1/14 | Ending
Account Value
1/31/15 | Expenses Paid
During Period(1)
8/1/14 - 1/31/15 | Annualized Expense Ratio(1) | Effective
Expenses
Paid During
Period(2) 8/1/14 - 1/31/15 | Effective Annualized Expense Ratio(2) |
| One Choice 2030 Portfolio |
| Actual | | | | | | |
| Investor Class | $1,000 | $1,026.70 | $1.02 | 0.20% | $4.29 | 0.84% |
| Institutional Class | $1,000 | $1,027.90 | $0.00 | 0.00%(3) | $3.27 | 0.64% |
| A Class | $1,000 | $1,024.90 | $2.30 | 0.45% | $5.56 | 1.09% |
| C Class | $1,000 | $1,021.30 | $6.11 | 1.20% | $9.37 | 1.84% |
| R Class | $1,000 | $1,024.00 | $3.57 | 0.70% | $6.84 | 1.34% |
| Hypothetical | | | | | | |
| Investor Class | $1,000 | $1,024.20 | $1.02 | 0.20% | $4.28 | 0.84% |
| Institutional Class | $1,000 | $1,025.21 | $0.00 | 0.00%(3) | $3.26 | 0.64% |
| A Class | $1,000 | $1,022.94 | $2.29 | 0.45% | $5.55 | 1.09% |
| C Class | $1,000 | $1,019.16 | $6.11 | 1.20% | $9.35 | 1.84% |
| R Class | $1,000 | $1,021.68 | $3.57 | 0.70% | $6.82 | 1.34% |
| One Choice 2035 Portfolio |
| Actual | | | | | | |
| Investor Class | $1,000 | $1,028.90 | $1.02 | 0.20% | $4.40 | 0.86% |
| Institutional Class | $1,000 | $1,031.00 | $0.00 | 0.00%(3) | $3.38 | 0.66% |
| A Class | $1,000 | $1,027.60 | $2.30 | 0.45% | $5.67 | 1.11% |
| C Class | $1,000 | $1,024.40 | $6.12 | 1.20% | $9.49 | 1.86% |
| R Class | $1,000 | $1,026.30 | $3.58 | 0.70% | $6.95 | 1.36% |
| Hypothetical | | | | | | |
| Investor Class | $1,000 | $1,024.20 | $1.02 | 0.20% | $4.38 | 0.86% |
| Institutional Class | $1,000 | $1,025.21 | $0.00 | 0.00%(3) | $3.36 | 0.66% |
| A Class | $1,000 | $1,022.94 | $2.29 | 0.45% | $5.65 | 1.11% |
| C Class | $1,000 | $1,019.16 | $6.11 | 1.20% | $9.45 | 1.86% |
| R Class | $1,000 | $1,021.68 | $3.57 | 0.70% | $6.92 | 1.36% |
| |
| (1) | Expenses are equal to the class's annualized expense ratio listed in the table above, multiplied by the average account value over the period, multiplied by 184, the number of days in the most recent fiscal half-year, divided by 365, to reflect the one-half year period. The fees and expenses of the underlying American Century Investments funds in which the fund invests are not included in the class's annualized expense ratio. |
| |
| (2) | Effective expenses reflect the sum of expenses borne directly by the class plus the fund's pro rata share of the weighted average expense ratio of the underlying funds in which it invests. The effective annualized expense ratio combines the class's annualized expense ratio and the annualized weighted average expense ratio of the underlying funds. The annualized weighted average expense ratio of the underlying funds for the one-half year period reflects the actual expense ratio of each underlying fund from its most recent shareholder report, annualized and weighted for the fund's relative average investment therein during the period. |
| |
| (3) | Other expenses, which include directors' fees and expenses, did not exceed 0.005%. |
|
| | | | | | |
| | Beginning
Account Value
8/1/14 | Ending
Account Value
1/31/15 | Expenses Paid
During Period(1)
8/1/14 - 1/31/15 | Annualized Expense Ratio(1) | Effective
Expenses
Paid During
Period(2) 8/1/14 - 1/31/15 | Effective Annualized Expense Ratio(2) |
| One Choice 2040 Portfolio |
| Actual | | | | | | |
| Investor Class | $1,000 | $1,031.00 | $1.02 | 0.20% | $4.61 | 0.90% |
| Institutional Class | $1,000 | $1,032.20 | $0.00 | 0.00%(3) | $3.59 | 0.70% |
| A Class | $1,000 | $1,029.20 | $2.30 | 0.45% | $5.88 | 1.15% |
| C Class | $1,000 | $1,026.10 | $6.13 | 1.20% | $9.70 | 1.90% |
| R Class | $1,000 | $1,028.20 | $3.58 | 0.70% | $7.16 | 1.40% |
| Hypothetical | | | | | | |
| Investor Class | $1,000 | $1,024.20 | $1.02 | 0.20% | $4.58 | 0.90% |
| Institutional Class | $1,000 | $1,025.21 | $0.00 | 0.00%(3) | $3.57 | 0.70% |
| A Class | $1,000 | $1,022.94 | $2.29 | 0.45% | $5.85 | 1.15% |
| C Class | $1,000 | $1,019.16 | $6.11 | 1.20% | $9.65 | 1.90% |
| R Class | $1,000 | $1,021.68 | $3.57 | 0.70% | $7.12 | 1.40% |
| One Choice 2045 Portfolio |
| Actual | | | | | | |
| Investor Class | $1,000 | $1,030.80 | $1.02 | 0.20% | $4.81 | 0.94% |
| Institutional Class | $1,000 | $1,032.20 | $0.00 | 0.00%(3) | $3.79 | 0.74% |
| A Class | $1,000 | $1,029.50 | $2.30 | 0.45% | $6.09 | 1.19% |
| C Class | $1,000 | $1,026.10 | $6.13 | 1.20% | $9.91 | 1.94% |
| R Class | $1,000 | $1,028.80 | $3.58 | 0.70% | $7.36 | 1.44% |
| Hypothetical | | | | | | |
| Investor Class | $1,000 | $1,024.20 | $1.02 | 0.20% | $4.79 | 0.94% |
| Institutional Class | $1,000 | $1,025.21 | $0.00 | 0.00%(3) | $3.77 | 0.74% |
| A Class | $1,000 | $1,022.94 | $2.29 | 0.45% | $6.06 | 1.19% |
| C Class | $1,000 | $1,019.16 | $6.11 | 1.20% | $9.86 | 1.94% |
| R Class | $1,000 | $1,021.68 | $3.57 | 0.70% | $7.32 | 1.44% |
| |
| (1) | Expenses are equal to the class's annualized expense ratio listed in the table above, multiplied by the average account value over the period, multiplied by 184, the number of days in the most recent fiscal half-year, divided by 365, to reflect the one-half year period. The fees and expenses of the underlying American Century Investments funds in which the fund invests are not included in the class's annualized expense ratio. |
| |
| (2) | Effective expenses reflect the sum of expenses borne directly by the class plus the fund's pro rata share of the weighted average expense ratio of the underlying funds in which it invests. The effective annualized expense ratio combines the class's annualized expense ratio and the annualized weighted average expense ratio of the underlying funds. The annualized weighted average expense ratio of the underlying funds for the one-half year period reflects the actual expense ratio of each underlying fund from its most recent shareholder report, annualized and weighted for the fund's relative average investment therein during the period. |
| |
| (3) | Other expenses, which include directors' fees and expenses, did not exceed 0.005%. |
|
| | | | | | |
| | Beginning
Account Value
8/1/14 | Ending
Account Value
1/31/15 | Expenses Paid
During Period(1)
8/1/14 - 1/31/15 | Annualized Expense Ratio(1) | Effective
Expenses
Paid During
Period(2) 8/1/14 - 1/31/15 | Effective Annualized Expense Ratio(2) |
| One Choice 2050 Portfolio |
| Actual | | | | | | |
| Investor Class | $1,000 | $1,030.60 | $1.02 | 0.20% | $4.86 | 0.95% |
| Institutional Class | $1,000 | $1,031.90 | $0.00 | 0.00%(3) | $3.84 | 0.75% |
| A Class | $1,000 | $1,029.60 | $2.30 | 0.45% | $6.14 | 1.20% |
| C Class | $1,000 | $1,025.80 | $6.13 | 1.20% | $9.96 | 1.95% |
| R Class | $1,000 | $1,028.60 | $3.58 | 0.70% | $7.41 | 1.45% |
| Hypothetical | | | | | | |
| Investor Class | $1,000 | $1,024.20 | $1.02 | 0.20% | $4.84 | 0.95% |
| Institutional Class | $1,000 | $1,025.21 | $0.00 | 0.00%(3) | $3.82 | 0.75% |
| A Class | $1,000 | $1,022.94 | $2.29 | 0.45% | $6.11 | 1.20% |
| C Class | $1,000 | $1,019.16 | $6.11 | 1.20% | $9.91 | 1.95% |
| R Class | $1,000 | $1,021.68 | $3.57 | 0.70% | $7.38 | 1.45% |
| One Choice 2055 Portfolio |
| Actual | | | | | | |
| Investor Class | $1,000 | $1,031.70 | $1.02 | 0.20% | $4.92 | 0.96% |
| Institutional Class | $1,000 | $1,032.20 | $0.00 | 0.00%(3) | $3.89 | 0.76% |
| A Class | $1,000 | $1,030.70 | $2.30 | 0.45% | $6.19 | 1.21% |
| C Class | $1,000 | $1,026.80 | $6.13 | 1.20% | $10.01 | 1.96% |
| R Class | $1,000 | $1,028.90 | $3.58 | 0.70% | $7.47 | 1.46% |
| Hypothetical | | | | | | |
| Investor Class | $1,000 | $1,024.20 | $1.02 | 0.20% | $4.89 | 0.96% |
| Institutional Class | $1,000 | $1,025.21 | $0.00 | 0.00%(3) | $3.87 | 0.76% |
| A Class | $1,000 | $1,022.94 | $2.29 | 0.45% | $6.16 | 1.21% |
| C Class | $1,000 | $1,019.16 | $6.11 | 1.20% | $9.96 | 1.96% |
| R Class | $1,000 | $1,021.68 | $3.57 | 0.70% | $7.43 | 1.46% |
| |
| (1) | Expenses are equal to the class's annualized expense ratio listed in the table above, multiplied by the average account value over the period, multiplied by 184, the number of days in the most recent fiscal half-year, divided by 365, to reflect the one-half year period. The fees and expenses of the underlying American Century Investments funds in which the fund invests are not included in the class's annualized expense ratio. |
| |
| (2) | Effective expenses reflect the sum of expenses borne directly by the class plus the fund's pro rata share of the weighted average expense ratio of the underlying funds in which it invests. The effective annualized expense ratio combines the class's annualized expense ratio and the annualized weighted average expense ratio of the underlying funds. The annualized weighted average expense ratio of the underlying funds for the one-half year period reflects the actual expense ratio of each underlying fund from its most recent shareholder report, annualized and weighted for the fund's relative average investment therein during the period. |
| |
| (3) | Other expenses, which include directors' fees and expenses, did not exceed 0.005%. |
JANUARY 31, 2015 (UNAUDITED)
One Choice In Retirement Portfolio
|
| | | | | |
| | Shares | Value |
MUTUAL FUNDS(1) — 100.0% | | |
| Domestic Equity Funds — 39.5% | | |
| NT Core Equity Plus Fund Institutional Class | 1,449,035 |
| $ | 20,576,299 |
|
| NT Equity Growth Fund Institutional Class | 5,801,989 |
| 69,333,771 |
|
| NT Growth Fund Institutional Class | 3,122,149 |
| 45,208,712 |
|
| NT Heritage Fund Institutional Class | 1,347,772 |
| 17,534,507 |
|
| NT Large Company Value Fund Institutional Class | 6,475,397 |
| 76,280,172 |
|
| NT Mid Cap Value Fund Institutional Class | 2,245,556 |
| 27,665,252 |
|
| NT Small Company Fund Institutional Class | 1,457,579 |
| 13,846,996 |
|
| Real Estate Fund Institutional Class | 233,087 |
| 7,421,486 |
|
| | | 277,867,195 |
|
| Domestic Fixed Income Funds — 38.4% | | |
| High-Yield Fund Institutional Class | 4,554,920 |
| 26,737,383 |
|
| Inflation-Adjusted Bond Fund Institutional Class | 888,315 |
| 10,633,134 |
|
| NT Diversified Bond Fund Institutional Class | 17,047,424 |
| 189,226,410 |
|
| Short Duration Inflation Protection Bond Fund Institutional Class | 4,230,263 |
| 42,979,467 |
|
| | | 269,576,394 |
|
| Money Market Funds — 10.0% | | |
| Premium Money Market Fund Investor Class | 70,387,509 |
| 70,387,509 |
|
| International Fixed Income Funds — 7.0% | | |
| International Bond Fund Institutional Class | 3,841,185 |
| 49,359,225 |
|
| International Equity Funds — 5.1% | | |
| NT International Growth Fund Institutional Class | 3,296,843 |
| 35,474,030 |
|
TOTAL INVESTMENT SECURITIES — 100.0% (Cost $621,084,124) | | 702,664,353 |
|
OTHER ASSETS AND LIABILITIES† | | 7,839 |
|
| TOTAL NET ASSETS — 100.0% | | $ | 702,672,192 |
|
|
|
| NOTES TO SCHEDULE OF INVESTMENTS |
| |
| † | Category is less than 0.05% of total net assets. |
| |
| (1) | Investments are funds within the American Century Investments family of funds and are considered affiliated funds. |
See Notes to Financial Statements.
JANUARY 31, 2015 (UNAUDITED)
One Choice 2015 Portfolio
|
| | | | | |
| | Shares | Value |
MUTUAL FUNDS(1) — 100.0% | | |
| Domestic Equity Funds — 39.6% | | |
| NT Core Equity Plus Fund Institutional Class | 2,620,085 |
| $ | 37,205,212 |
|
| NT Equity Growth Fund Institutional Class | 10,342,836 |
| 123,596,887 |
|
| NT Growth Fund Institutional Class | 5,613,455 |
| 81,282,825 |
|
| NT Heritage Fund Institutional Class | 2,429,447 |
| 31,607,108 |
|
| NT Large Company Value Fund Institutional Class | 11,540,203 |
| 135,943,591 |
|
| NT Mid Cap Value Fund Institutional Class | 4,071,010 |
| 50,154,841 |
|
| NT Small Company Fund Institutional Class | 2,644,968 |
| 25,127,195 |
|
| Real Estate Fund Institutional Class | 402,250 |
| 12,807,645 |
|
| | | 497,725,304 |
|
| Domestic Fixed Income Funds — 38.4% | | |
| High-Yield Fund Institutional Class | 8,245,275 |
| 48,399,764 |
|
| Inflation-Adjusted Bond Fund Institutional Class | 1,629,605 |
| 19,506,368 |
|
| NT Diversified Bond Fund Institutional Class | 30,445,111 |
| 337,940,734 |
|
| Short Duration Inflation Protection Bond Fund Institutional Class | 7,656,463 |
| 77,789,669 |
|
| | | 483,636,535 |
|
| Money Market Funds — 10.1% | | |
| Premium Money Market Fund Investor Class | 126,626,886 |
| 126,626,886 |
|
| International Fixed Income Funds — 6.9% | | |
| International Bond Fund Institutional Class | 6,788,477 |
| 87,231,931 |
|
| International Equity Funds — 5.0% | | |
| NT International Growth Fund Institutional Class | 5,818,213 |
| 62,603,976 |
|
TOTAL INVESTMENT SECURITIES — 100.0% (Cost $1,089,227,643) | | 1,257,824,632 |
|
OTHER ASSETS AND LIABILITIES† | | 9,752 |
|
| TOTAL NET ASSETS — 100.0% | | $ | 1,257,834,384 |
|
|
|
| NOTES TO SCHEDULE OF INVESTMENTS |
| |
| † | Category is less than 0.05% of total net assets. |
| |
| (1) | Investments are funds within the American Century Investments family of funds and are considered affiliated funds. |
See Notes to Financial Statements.
JANUARY 31, 2015 (UNAUDITED)
One Choice 2020 Portfolio
|
| | | | | |
| | Shares | Value |
MUTUAL FUNDS(1) — 100.0% | | |
| Domestic Equity Funds — 42.8% | | |
| NT Core Equity Plus Fund Institutional Class | 3,074,747 |
| $ | 43,661,411 |
|
| NT Equity Growth Fund Institutional Class | 11,925,266 |
| 142,506,934 |
|
| NT Growth Fund Institutional Class | 7,918,458 |
| 114,659,268 |
|
| NT Heritage Fund Institutional Class | 3,994,145 |
| 51,963,830 |
|
| NT Large Company Value Fund Institutional Class | 13,995,895 |
| 164,871,644 |
|
| NT Mid Cap Value Fund Institutional Class | 5,692,239 |
| 70,128,389 |
|
| NT Small Company Fund Institutional Class | 3,113,641 |
| 29,579,590 |
|
| Real Estate Fund Institutional Class | 586,362 |
| 18,669,755 |
|
| | | 636,040,821 |
|
| Domestic Fixed Income Funds — 36.9% | | |
| High-Yield Fund Institutional Class | 9,438,195 |
| 55,402,203 |
|
| Inflation-Adjusted Bond Fund Institutional Class | 3,598,904 |
| 43,078,883 |
|
| NT Diversified Bond Fund Institutional Class | 34,474,186 |
| 382,663,463 |
|
| Short Duration Inflation Protection Bond Fund Institutional Class | 6,554,857 |
| 66,597,347 |
|
| | | 547,741,896 |
|
| Money Market Funds — 7.5% | | |
| Premium Money Market Fund Investor Class | 111,880,721 |
| 111,880,721 |
|
| International Equity Funds — 6.7% | | |
| NT Emerging Markets Fund Institutional Class | 1,398,931 |
| 14,646,808 |
|
| NT International Growth Fund Institutional Class | 7,886,997 |
| 84,864,082 |
|
| | | 99,510,890 |
|
| International Fixed Income Funds — 6.1% | | |
| International Bond Fund Institutional Class | 6,980,302 |
| 89,696,878 |
|
TOTAL INVESTMENT SECURITIES — 100.0% (Cost $1,343,392,934) | | 1,484,871,206 |
|
OTHER ASSETS AND LIABILITIES† | | 12,612 |
|
| TOTAL NET ASSETS — 100.0% | | $ | 1,484,883,818 |
|
|
|
| NOTES TO SCHEDULE OF INVESTMENTS |
| |
| † | Category is less than 0.05% of total net assets. |
| |
| (1) | Investments are funds within the American Century Investments family of funds and are considered affiliated funds. |
See Notes to Financial Statements.
JANUARY 31, 2015 (UNAUDITED)
One Choice 2025 Portfolio
|
| | | | | |
| | Shares | Value |
MUTUAL FUNDS(1) — 100.0% | | |
| Domestic Equity Funds — 45.4% | | |
| NT Core Equity Plus Fund Institutional Class | 4,784,171 |
| $ | 67,935,233 |
|
| NT Equity Growth Fund Institutional Class | 17,740,723 |
| 212,001,636 |
|
| NT Growth Fund Institutional Class | 14,019,923 |
| 203,008,488 |
|
| NT Heritage Fund Institutional Class | 8,101,211 |
| 105,396,752 |
|
| NT Large Company Value Fund Institutional Class | 21,969,937 |
| 258,805,859 |
|
| NT Mid Cap Value Fund Institutional Class | 10,322,648 |
| 127,175,021 |
|
| NT Small Company Fund Institutional Class | 5,438,238 |
| 51,663,265 |
|
| Real Estate Fund Institutional Class | 1,145,870 |
| 36,484,503 |
|
| | | 1,062,470,757 |
|
| Domestic Fixed Income Funds — 35.5% | | |
| High-Yield Fund Institutional Class | 13,999,392 |
| 82,176,432 |
|
| Inflation-Adjusted Bond Fund Institutional Class | 8,007,257 |
| 95,846,867 |
|
| NT Diversified Bond Fund Institutional Class | 52,487,247 |
| 582,608,442 |
|
| Short Duration Inflation Protection Bond Fund Institutional Class | 6,792,614 |
| 69,012,960 |
|
| | | 829,644,701 |
|
| International Equity Funds — 9.1% | | |
| NT Emerging Markets Fund Institutional Class | 4,993,474 |
| 52,281,675 |
|
| NT International Growth Fund Institutional Class | 14,807,811 |
| 159,332,042 |
|
| | | 211,613,717 |
|
| International Fixed Income Funds — 5.0% | | |
| International Bond Fund Institutional Class | 9,146,548 |
| 117,533,138 |
|
| Money Market Funds — 5.0% | | |
| Premium Money Market Fund Investor Class | 117,076,793 |
| 117,076,793 |
|
TOTAL INVESTMENT SECURITIES — 100.0% (Cost $2,020,773,790) | | 2,338,339,106 |
|
OTHER ASSETS AND LIABILITIES† | | 20,640 |
|
| TOTAL NET ASSETS — 100.0% | | $ | 2,338,359,746 |
|
|
|
| NOTES TO SCHEDULE OF INVESTMENTS |
| |
| † | Category is less than 0.05% of total net assets. |
| |
| (1) | Investments are funds within the American Century Investments family of funds and are considered affiliated funds. |
See Notes to Financial Statements.
JANUARY 31, 2015 (UNAUDITED)
One Choice 2030 Portfolio
|
| | | | | |
| | Shares | Value |
MUTUAL FUNDS(1) — 100.0% | | |
| Domestic Equity Funds — 49.5% | | |
| NT Core Equity Plus Fund Institutional Class | 3,307,868 |
| $ | 46,971,719 |
|
| NT Equity Growth Fund Institutional Class | 11,307,511 |
| 135,124,752 |
|
| NT Growth Fund Institutional Class | 10,689,957 |
| 154,790,577 |
|
| NT Heritage Fund Institutional Class | 5,728,043 |
| 74,521,841 |
|
| NT Large Company Value Fund Institutional Class | 14,622,602 |
| 172,254,250 |
|
| NT Mid Cap Value Fund Institutional Class | 6,239,987 |
| 76,876,642 |
|
| NT Small Company Fund Institutional Class | 5,035,763 |
| 47,839,751 |
|
| Real Estate Fund Institutional Class | 847,053 |
| 26,970,154 |
|
| | | 735,349,686 |
|
| Domestic Fixed Income Funds — 32.0% | | |
| High-Yield Fund Institutional Class | 8,012,676 |
| 47,034,409 |
|
| Inflation-Adjusted Bond Fund Institutional Class | 6,109,597 |
| 73,131,879 |
|
| NT Diversified Bond Fund Institutional Class | 30,009,900 |
| 333,109,894 |
|
| Short Duration Inflation Protection Bond Fund Institutional Class | 2,103,496 |
| 21,371,521 |
|
| | | 474,647,703 |
|
| International Equity Funds — 11.0% | | |
| NT Emerging Markets Fund Institutional Class | 3,864,097 |
| 40,457,093 |
|
| NT International Growth Fund Institutional Class | 11,406,465 |
| 122,733,560 |
|
| | | 163,190,653 |
|
| Money Market Funds — 5.0% | | |
| Premium Money Market Fund Investor Class | 74,463,536 |
| 74,463,536 |
|
| International Fixed Income Funds — 2.5% | | |
| International Bond Fund Institutional Class | 2,890,667 |
| 37,145,076 |
|
TOTAL INVESTMENT SECURITIES — 100.0% (Cost $1,336,996,980) | | 1,484,796,654 |
|
OTHER ASSETS AND LIABILITIES† | | 12,009 |
|
| TOTAL NET ASSETS — 100.0% | | $ | 1,484,808,663 |
|
|
|
| NOTES TO SCHEDULE OF INVESTMENTS |
| |
| † | Category is less than 0.05% of total net assets. |
| |
| (1) | Investments are funds within the American Century Investments family of funds and are considered affiliated funds. |
See Notes to Financial Statements.
JANUARY 31, 2015 (UNAUDITED)
One Choice 2035 Portfolio
|
| | | | | |
| | Shares | Value |
MUTUAL FUNDS(1) — 100.0% | | |
| Domestic Equity Funds — 53.8% | | |
| NT Core Equity Plus Fund Institutional Class | 4,091,463 |
| $ | 58,098,773 |
|
| NT Equity Growth Fund Institutional Class | 14,001,200 |
| 167,314,342 |
|
| NT Growth Fund Institutional Class | 15,783,891 |
| 228,550,745 |
|
| NT Heritage Fund Institutional Class | 7,448,521 |
| 96,905,256 |
|
| NT Large Company Value Fund Institutional Class | 19,282,208 |
| 227,144,407 |
|
| NT Mid Cap Value Fund Institutional Class | 7,725,480 |
| 95,177,917 |
|
| NT Small Company Fund Institutional Class | 8,163,824 |
| 77,556,327 |
|
| Real Estate Fund Institutional Class | 1,212,208 |
| 38,596,708 |
|
| | | 989,344,475 |
|
| Domestic Fixed Income Funds — 28.5% | | |
| High-Yield Fund Institutional Class | 8,832,721 |
| 51,848,073 |
|
| Inflation-Adjusted Bond Fund Institutional Class | 8,460,404 |
| 101,271,038 |
|
| NT Diversified Bond Fund Institutional Class | 33,112,185 |
| 367,545,251 |
|
| Short Duration Inflation Protection Bond Fund Institutional Class | 352,129 |
| 3,577,627 |
|
| | | 524,241,989 |
|
| International Equity Funds — 12.7% | | |
| NT Emerging Markets Fund Institutional Class | 5,656,057 |
| 59,218,919 |
|
| NT International Growth Fund Institutional Class | 16,246,274 |
| 174,809,908 |
|
| | | 234,028,827 |
|
| Money Market Funds — 5.0% | | |
| Premium Money Market Fund Investor Class | 92,434,109 |
| 92,434,109 |
|
TOTAL INVESTMENT SECURITIES — 100.0% (Cost $1,585,162,019) | | 1,840,049,400 |
|
OTHER ASSETS AND LIABILITIES† | | 17,977 |
|
| TOTAL NET ASSETS — 100.0% | | $ | 1,840,067,377 |
|
|
|
| NOTES TO SCHEDULE OF INVESTMENTS |
| |
| † | Category is less than 0.05% of total net assets. |
| |
| (1) | Investments are funds within the American Century Investments family of funds and are considered affiliated funds. |
See Notes to Financial Statements.
JANUARY 31, 2015 (UNAUDITED)
One Choice 2040 Portfolio
|
| | | | | |
| | Shares | Value |
MUTUAL FUNDS(1) — 100.0% | | |
| Domestic Equity Funds — 59.0% | | |
| NT Core Equity Plus Fund Institutional Class | 2,641,468 |
| $ | 37,508,851 |
|
| NT Equity Growth Fund Institutional Class | 9,103,743 |
| 108,789,735 |
|
| NT Growth Fund Institutional Class | 10,205,267 |
| 147,772,272 |
|
| NT Heritage Fund Institutional Class | 5,309,018 |
| 69,070,326 |
|
| NT Large Company Value Fund Institutional Class | 12,493,744 |
| 147,176,305 |
|
| NT Mid Cap Value Fund Institutional Class | 5,504,716 |
| 67,818,095 |
|
| NT Small Company Fund Institutional Class | 4,773,881 |
| 45,351,865 |
|
| Real Estate Fund Institutional Class | 826,237 |
| 26,307,394 |
|
| | | 649,794,843 |
|
| Domestic Fixed Income Funds — 24.5% | | |
| High-Yield Fund Institutional Class | 4,526,002 |
| 26,567,634 |
|
| Inflation-Adjusted Bond Fund Institutional Class | 4,496,373 |
| 53,821,585 |
|
| NT Diversified Bond Fund Institutional Class | 17,101,575 |
| 189,827,484 |
|
| | | 270,216,703 |
|
| International Equity Funds — 14.0% | | |
| NT Emerging Markets Fund Institutional Class | 4,436,772 |
| 46,453,000 |
|
| NT International Growth Fund Institutional Class | 10,050,761 |
| 108,146,187 |
|
| | | 154,599,187 |
|
| Money Market Funds — 2.5% | | |
| Premium Money Market Fund Investor Class | 27,516,584 |
| 27,516,584 |
|
TOTAL INVESTMENT SECURITIES — 100.0% (Cost $996,806,014) | | 1,102,127,317 |
|
OTHER ASSETS AND LIABILITIES† | | 5,643 |
|
| TOTAL NET ASSETS — 100.0% | | $ | 1,102,132,960 |
|
|
|
| NOTES TO SCHEDULE OF INVESTMENTS |
| |
| † | Category is less than 0.05% of total net assets. |
| |
| (1) | Investments are funds within the American Century Investments family of funds and are considered affiliated funds. |
See Notes to Financial Statements.
JANUARY 31, 2015 (UNAUDITED)
One Choice 2045 Portfolio
|
| | | | | |
| | Shares | Value |
MUTUAL FUNDS(1) — 100.0% | | |
| Domestic Equity Funds — 64.0% | | |
| NT Core Equity Plus Fund Institutional Class | 3,821,411 |
| $ | 54,264,035 |
|
| NT Equity Growth Fund Institutional Class | 11,036,740 |
| 131,889,046 |
|
| NT Growth Fund Institutional Class | 13,008,958 |
| 188,369,714 |
|
| NT Heritage Fund Institutional Class | 7,299,153 |
| 94,961,979 |
|
| NT Large Company Value Fund Institutional Class | 15,893,873 |
| 187,229,825 |
|
| NT Mid Cap Value Fund Institutional Class | 7,593,901 |
| 93,556,860 |
|
| NT Small Company Fund Institutional Class | 5,438,534 |
| 51,666,069 |
|
| Real Estate Fund Institutional Class | 1,073,908 |
| 34,193,245 |
|
| | | 836,130,773 |
|
| Domestic Fixed Income Funds — 20.4% | | |
| High-Yield Fund Institutional Class | 4,471,590 |
| 26,248,232 |
|
| Inflation-Adjusted Bond Fund Institutional Class | 4,468,843 |
| 53,492,049 |
|
| NT Diversified Bond Fund Institutional Class | 16,867,878 |
| 187,233,442 |
|
| | | 266,973,723 |
|
| International Equity Funds — 15.6% | | |
| NT Emerging Markets Fund Institutional Class | 6,573,583 |
| 68,825,415 |
|
| NT International Growth Fund Institutional Class | 12,538,064 |
| 134,909,571 |
|
| | | 203,734,986 |
|
TOTAL INVESTMENT SECURITIES — 100.0% (Cost $1,133,494,879) | | 1,306,839,482 |
|
OTHER ASSETS AND LIABILITIES† | | 19,083 |
|
| TOTAL NET ASSETS — 100.0% | | $ | 1,306,858,565 |
|
|
|
| NOTES TO SCHEDULE OF INVESTMENTS |
| |
| † | Category is less than 0.05% of total net assets. |
| |
| (1) | Investments are funds within the American Century Investments family of funds and are considered affiliated funds. |
See Notes to Financial Statements.
JANUARY 31, 2015 (UNAUDITED)
One Choice 2050 Portfolio
|
| | | | | |
| | Shares | Value |
MUTUAL FUNDS(1) — 100.0% | | |
| Domestic Equity Funds — 65.9% | | |
| NT Core Equity Plus Fund Institutional Class | 1,929,400 |
| $ | 27,397,474 |
|
| NT Equity Growth Fund Institutional Class | 5,270,211 |
| 62,979,026 |
|
| NT Growth Fund Institutional Class | 6,278,693 |
| 90,915,473 |
|
| NT Heritage Fund Institutional Class | 3,484,658 |
| 45,335,401 |
|
| NT Large Company Value Fund Institutional Class | 7,838,350 |
| 92,335,762 |
|
| NT Mid Cap Value Fund Institutional Class | 3,609,943 |
| 44,474,501 |
|
| NT Small Company Fund Institutional Class | 2,925,211 |
| 27,789,500 |
|
| Real Estate Fund Institutional Class | 535,603 |
| 17,053,589 |
|
| | | 408,280,726 |
|
| Domestic Fixed Income Funds — 18.1% | | |
| High-Yield Fund Institutional Class | 1,854,063 |
| 10,883,353 |
|
| Inflation-Adjusted Bond Fund Institutional Class | 1,852,728 |
| 22,177,159 |
|
| NT Diversified Bond Fund Institutional Class | 7,138,538 |
| 79,237,772 |
|
| | | 112,298,284 |
|
| International Equity Funds — 16.0% | | |
| NT Emerging Markets Fund Institutional Class | 3,522,709 |
| 36,882,768 |
|
| NT International Growth Fund Institutional Class | 5,807,539 |
| 62,489,122 |
|
| | | 99,371,890 |
|
TOTAL INVESTMENT SECURITIES — 100.0% (Cost $569,227,400) | | 619,950,900 |
|
OTHER ASSETS AND LIABILITIES† | | 8,646 |
|
| TOTAL NET ASSETS — 100.0% | | $ | 619,959,546 |
|
|
|
| NOTES TO SCHEDULE OF INVESTMENTS |
| |
| † | Category is less than 0.05% of total net assets. |
| |
| (1) | Investments are funds within the American Century Investments family of funds and are considered affiliated funds. |
See Notes to Financial Statements.
JANUARY 31, 2015 (UNAUDITED)
One Choice 2055 Portfolio
|
| | | | | |
| | Shares | Value |
MUTUAL FUNDS(1) — 100.0% | | |
| Domestic Equity Funds — 68.7% | | |
| NT Core Equity Plus Fund Institutional Class | 516,393 |
| $ | 7,332,787 |
|
| NT Equity Growth Fund Institutional Class | 1,472,068 |
| 17,591,213 |
|
| NT Growth Fund Institutional Class | 1,727,115 |
| 25,008,630 |
|
| NT Heritage Fund Institutional Class | 950,727 |
| 12,368,959 |
|
| NT Large Company Value Fund Institutional Class | 2,154,394 |
| 25,378,760 |
|
| NT Mid Cap Value Fund Institutional Class | 996,281 |
| 12,274,184 |
|
| NT Small Company Fund Institutional Class | 856,655 |
| 8,138,223 |
|
| Real Estate Fund Institutional Class | 154,593 |
| 4,922,234 |
|
| | | 113,014,990 |
|
| International Equity Funds — 16.0% | | |
| NT Emerging Markets Fund Institutional Class | 1,009,283 |
| 10,567,188 |
|
| NT International Growth Fund Institutional Class | 1,455,473 |
| 15,660,889 |
|
| | | 26,228,077 |
|
| Domestic Fixed Income Funds — 15.3% | | |
| High-Yield Fund Institutional Class | 426,240 |
| 2,502,027 |
|
| Inflation-Adjusted Bond Fund Institutional Class | 421,217 |
| 5,041,967 |
|
| NT Diversified Bond Fund Institutional Class | 1,583,791 |
| 17,580,075 |
|
| | | 25,124,069 |
|
TOTAL INVESTMENT SECURITIES — 100.0% (Cost $161,445,545) | | 164,367,136 |
|
OTHER ASSETS AND LIABILITIES† | | 2,088 |
|
| TOTAL NET ASSETS — 100.0% | | $ | 164,369,224 |
|
|
|
| NOTES TO SCHEDULE OF INVESTMENTS |
| |
| † | Category is less than 0.05% of total net assets. |
| |
| (1) | Investments are funds within the American Century Investments family of funds and are considered affiliated funds. |
See Notes to Financial Statements.
|
|
| Statements of Assets and Liabilities |
|
| | | | | | | | | |
| JANUARY 31, 2015 (UNAUDITED) | | | |
| | One Choice In Retirement Portfolio | One Choice 2015 Portfolio | One Choice 2020 Portfolio |
| Assets | | | |
| Investment securities in affiliates, at value (cost of $621,084,124, $1,089,227,643 and $1,343,392,934, respectively) | $ | 702,664,353 |
| $ | 1,257,824,632 |
| $ | 1,484,871,206 |
|
| Cash | 163,707 |
| 274,628 |
| 306,007 |
|
| Receivable for investments sold | — |
| 1,715,404 |
| 4,053,410 |
|
| Receivable for capital shares sold | 1,310,006 |
| 893,061 |
| 1,736,326 |
|
| Distributions receivable from affiliates | 426,618 |
| 773,147 |
| 871,317 |
|
| | 704,564,684 |
| 1,261,480,872 |
| 1,491,838,266 |
|
| | | | |
| Liabilities | | | |
| Payable for investments purchased | 1,030,617 |
| 773,807 |
| 870,714 |
|
| Payable for capital shares redeemed | 686,736 |
| 2,579,229 |
| 5,756,505 |
|
| Accrued administrative fees | 92,367 |
| 170,526 |
| 182,360 |
|
| Distribution and service fees payable | 82,772 |
| 122,926 |
| 144,869 |
|
| | 1,892,492 |
| 3,646,488 |
| 6,954,448 |
|
| | | | |
| Net Assets | $ | 702,672,192 |
| $ | 1,257,834,384 |
| $ | 1,484,883,818 |
|
| | | | |
| Net Assets Consist of: | | | |
| Capital (par value and paid-in surplus) | $ | 612,120,589 |
| $ | 1,052,284,547 |
| $ | 1,298,858,103 |
|
| Undistributed net investment income | 257,804 |
| 495,162 |
| 557,491 |
|
| Undistributed net realized gain | 8,713,570 |
| 36,457,686 |
| 43,989,952 |
|
| Net unrealized appreciation | 81,580,229 |
| 168,596,989 |
| 141,478,272 |
|
| | $ | 702,672,192 |
| $ | 1,257,834,384 |
| $ | 1,484,883,818 |
|
|
| | | | | | |
| Fund/Class | Net Assets | Shares Outstanding | Net Asset Value Per Share |
| One Choice In Retirement Portfolio | | | |
| Investor Class, $0.01 Par Value |
| $282,035,939 |
| 21,879,490 |
| $12.89 |
| Institutional Class, $0.01 Par Value |
| $155,237,839 |
| 12,038,435 |
| $12.90 |
| A Class, $0.01 Par Value |
| $143,043,978 |
| 11,098,475 |
| $12.89* |
| C Class, $0.01 Par Value |
| $2,490,038 |
| 193,453 |
| $12.87 |
| R Class, $0.01 Par Value |
| $119,864,398 |
| 9,308,323 |
| $12.88 |
| One Choice 2015 Portfolio | | | |
| Investor Class, $0.01 Par Value |
| $563,102,618 |
| 41,730,498 |
| $13.49 |
| Institutional Class, $0.01 Par Value |
| $266,433,182 |
| 19,727,371 |
| $13.51 |
| A Class, $0.01 Par Value |
| $295,383,687 |
| 21,896,523 |
| $13.49* |
| C Class, $0.01 Par Value |
| $5,264,957 |
| 389,602 |
| $13.51 |
| R Class, $0.01 Par Value |
| $127,649,940 |
| 9,462,425 |
| $13.49 |
| One Choice 2020 Portfolio | | | |
| Investor Class, $0.01 Par Value |
| $574,858,287 |
| 47,643,720 |
| $12.07 |
| Institutional Class, $0.01 Par Value |
| $415,693,273 |
| 34,459,181 |
| $12.06 |
| A Class, $0.01 Par Value |
| $331,813,768 |
| 27,518,733 |
| $12.06* |
| C Class, $0.01 Par Value |
| $11,788,346 |
| 975,275 |
| $12.09 |
| R Class, $0.01 Par Value |
| $150,730,144 |
| 12,501,475 |
| $12.06 |
| |
| * | Maximum offering price $13.68, $14.31 and $12.80 (net asset value divided by 0.9425) for One Choice In Retirement Portfolio, One Choice 2015 Portfolio and One Choice 2020 Portfolio, respectively. |
See Notes to Financial Statements.
|
| | | | | | | | | |
| JANUARY 31, 2015 (UNAUDITED) | | | |
| | One Choice 2025 Portfolio | One Choice 2030 Portfolio | One Choice 2035 Portfolio |
| Assets | | | |
| Investment securities in affiliates, at value (cost of $2,020,773,790, $1,336,996,980 and $1,585,162,019, respectively) | $ | 2,338,339,106 |
| $ | 1,484,796,654 |
| $ | 1,840,049,400 |
|
| Cash | 490,172 |
| 303,905 |
| 399,236 |
|
| Receivable for investments sold | 1,014,014 |
| 106,841 |
| 839,009 |
|
| Receivable for capital shares sold | 2,725,697 |
| 1,884,725 |
| 2,651,298 |
|
| Distributions receivable from affiliates | 1,312,094 |
| 743,412 |
| 822,262 |
|
| | 2,343,881,083 |
| 1,487,835,537 |
| 1,844,761,205 |
|
| | | | |
| Liabilities | | | |
| Payable for investments purchased | 1,311,573 |
| 743,496 |
| 822,319 |
|
| Payable for capital shares redeemed | 3,685,549 |
| 1,958,264 |
| 3,448,716 |
|
| Accrued administrative fees | 307,727 |
| 180,233 |
| 243,918 |
|
| Distribution and service fees payable | 216,488 |
| 144,881 |
| 178,875 |
|
| | 5,521,337 |
| 3,026,874 |
| 4,693,828 |
|
| | | | |
| Net Assets | $ | 2,338,359,746 |
| $ | 1,484,808,663 |
| $ | 1,840,067,377 |
|
| | | | |
| Net Assets Consist of: | | | |
| Capital (par value and paid-in surplus) | $ | 1,967,176,257 |
| $ | 1,284,753,330 |
| $ | 1,526,290,622 |
|
| Undistributed net investment income | 809,977 |
| 429,266 |
| 414,030 |
|
| Undistributed net realized gain | 52,808,196 |
| 51,826,393 |
| 58,475,344 |
|
| Net unrealized appreciation | 317,565,316 |
| 147,799,674 |
| 254,887,381 |
|
| | $ | 2,338,359,746 |
| $ | 1,484,808,663 |
| $ | 1,840,067,377 |
|
|
| | | | | | |
| Fund/Class | Net Assets | Shares Outstanding | Net Asset Value Per Share |
| One Choice 2025 Portfolio | | | |
| Investor Class, $0.01 Par Value |
| $1,045,802,667 |
| 73,119,236 |
| $14.30 |
| Institutional Class, $0.01 Par Value |
| $526,764,515 |
| 36,833,106 |
| $14.30 |
| A Class, $0.01 Par Value |
| $531,821,475 |
| 37,187,986 |
| $14.30* |
| C Class, $0.01 Par Value |
| $7,790,647 |
| 543,758 |
| $14.33 |
| R Class, $0.01 Par Value |
| $226,180,442 |
| 15,821,046 |
| $14.30 |
| One Choice 2030 Portfolio | | | |
| Investor Class, $0.01 Par Value |
| $550,600,569 |
| 44,958,147 |
| $12.25 |
| Institutional Class, $0.01 Par Value |
| $419,840,464 |
| 34,297,501 |
| $12.24 |
| A Class, $0.01 Par Value |
| $353,834,285 |
| 28,928,477 |
| $12.23* |
| C Class, $0.01 Par Value |
| $4,968,437 |
| 405,131 |
| $12.26 |
| R Class, $0.01 Par Value |
| $155,564,908 |
| 12,715,239 |
| $12.23 |
| One Choice 2035 Portfolio | | | |
| Investor Class, $0.01 Par Value |
| $806,396,064 |
| 52,586,762 |
| $15.33 |
| Institutional Class, $0.01 Par Value |
| $402,862,595 |
| 26,252,403 |
| $15.35 |
| A Class, $0.01 Par Value |
| $432,293,314 |
| 28,191,420 |
| $15.33* |
| C Class, $0.01 Par Value |
| $5,579,150 |
| 363,469 |
| $15.35 |
| R Class, $0.01 Par Value |
| $192,936,254 |
| 12,581,660 |
| $15.33 |
| |
| * | Maximum offering price $15.17, $12.98 and $16.27 (net asset value divided by 0.9425) for One Choice 2025 Portfolio, One Choice 2030 Portfolio and One Choice 2035 Portfolio, respectively. |
See Notes to Financial Statements.
|
| | | | | | | | | |
| JANUARY 31, 2015 (UNAUDITED) | | | |
| | One Choice 2040 Portfolio | One Choice 2045 Portfolio | One Choice 2050 Portfolio |
| Assets | | | |
| Investment securities in affiliates, at value (cost of $996,806,014, $1,133,494,879 and $569,227,400, respectively) | $ | 1,102,127,317 |
| $ | 1,306,839,482 |
| $ | 619,950,900 |
|
| Cash | 216,802 |
| 263,376 |
| 120,344 |
|
| Receivable for capital shares sold | 1,744,721 |
| 2,229,196 |
| 1,306,589 |
|
| Distributions receivable from affiliates | 422,811 |
| 417,175 |
| 175,300 |
|
| | 1,104,511,651 |
| 1,309,749,229 |
| 621,553,133 |
|
| | | | |
| Liabilities | | | |
| Payable for investments purchased | 903,419 |
| 670,450 |
| 1,030,484 |
|
| Payable for capital shares redeemed | 1,243,360 |
| 1,938,489 |
| 434,368 |
|
| Accrued administrative fees | 131,682 |
| 165,985 |
| 73,626 |
|
| Distribution and service fees payable | 100,230 |
| 115,740 |
| 55,109 |
|
| | 2,378,691 |
| 2,890,664 |
| 1,593,587 |
|
| | | | |
| Net Assets | $ | 1,102,132,960 |
| $ | 1,306,858,565 |
| $ | 619,959,546 |
|
| | | | |
| Net Assets Consist of: | | | |
| Capital (par value and paid-in surplus) | $ | 948,572,293 |
| $ | 1,082,821,436 |
| $ | 539,284,680 |
|
| Undistributed net investment income | 197,066 |
| 141,131 |
| 48,597 |
|
| Undistributed net realized gain | 48,042,298 |
| 50,551,395 |
| 29,902,769 |
|
| Net unrealized appreciation | 105,321,303 |
| 173,344,603 |
| 50,723,500 |
|
| | $ | 1,102,132,960 |
| $ | 1,306,858,565 |
| $ | 619,959,546 |
|
|
| | | | | | |
| Fund/Class | Net Assets | Shares Outstanding | Net Asset Value Per Share |
| One Choice 2040 Portfolio | | | |
| Investor Class, $0.01 Par Value |
| $424,457,084 |
| 33,480,618 |
| $12.68 |
| Institutional Class, $0.01 Par Value |
| $326,447,022 |
| 25,751,815 |
| $12.68 |
| A Class, $0.01 Par Value |
| $237,984,370 |
| 18,777,214 |
| $12.67* |
| C Class, $0.01 Par Value |
| $3,265,368 |
| 257,402 |
| $12.69 |
| R Class, $0.01 Par Value |
| $109,979,116 |
| 8,680,925 |
| $12.67 |
| One Choice 2045 Portfolio | | | |
| Investor Class, $0.01 Par Value |
| $566,754,805 |
| 35,583,169 |
| $15.93 |
| Institutional Class, $0.01 Par Value |
| $329,965,719 |
| 20,704,252 |
| $15.94 |
| A Class, $0.01 Par Value |
| $281,691,259 |
| 17,694,388 |
| $15.92* |
| C Class, $0.01 Par Value |
| $2,023,560 |
| 126,889 |
| $15.95 |
| R Class, $0.01 Par Value |
| $126,423,222 |
| 7,938,145 |
| $15.93 |
| One Choice 2050 Portfolio | | | |
| Investor Class, $0.01 Par Value |
| $237,483,476 |
| 18,742,115 |
| $12.67 |
| Institutional Class, $0.01 Par Value |
| $186,137,910 |
| 14,679,239 |
| $12.68 |
| A Class, $0.01 Par Value |
| $138,369,161 |
| 10,923,508 |
| $12.67* |
| C Class, $0.01 Par Value |
| $2,259,546 |
| 178,030 |
| $12.69 |
| R Class, $0.01 Par Value |
| $55,709,453 |
| 4,396,879 |
| $12.67 |
| |
| * | Maximum offering price $13.44, $16.89 and $13.44 (net asset value divided by 0.9425) for One Choice 2040 Portfolio, One Choice 2045 Portfolio and One Choice 2050 Portfolio, respectively. |
See Notes to Financial Statements.
|
| | | |
| JANUARY 31, 2015 (UNAUDITED) |
| | One Choice 2055 Portfolio |
| Assets | |
| Investment securities in affiliates, at value (cost of $161,445,545) | $ | 164,367,136 |
|
| Cash | 32,224 |
|
| Receivable for capital shares sold | 405,019 |
|
| Distributions receivable from affiliates | 38,960 |
|
| | 164,843,339 |
|
| | |
| Liabilities | |
| Payable for investments purchased | 339,067 |
|
| Payable for capital shares redeemed | 100,555 |
|
| Accrued administrative fees | 17,839 |
|
| Distribution and service fees payable | 16,654 |
|
| | 474,115 |
|
| | |
| Net Assets | $ | 164,369,224 |
|
| | |
| Net Assets Consist of: | |
| Capital (par value and paid-in surplus) | $ | 153,700,106 |
|
| Undistributed net investment income | 4,365 |
|
| Undistributed net realized gain | 7,743,162 |
|
| Net unrealized appreciation | 2,921,591 |
|
| | $ | 164,369,224 |
|
|
| | | | |
| Fund/Class | Net Assets | Shares Outstanding | Net Asset Value Per Share |
| One Choice 2055 Portfolio | | | |
| Investor Class, $0.01 Par Value | $48,161,915 | 3,660,892 |
| $13.16 |
| Institutional Class, $0.01 Par Value | $57,724,913 | 4,388,463 |
| $13.15 |
| A Class, $0.01 Par Value | $39,390,683 | 2,996,524 |
| $13.15* |
| C Class, $0.01 Par Value | $460,632 | 35,040 |
| $13.15 |
| R Class, $0.01 Par Value | $18,631,081 | 1,416,441 |
| $13.15 |
*Maximum offering price $13.95 (net asset value divided by 0.9425) for One Choice 2055 Portfolio.
See Notes to Financial Statements.
|
| | | | | | | | | |
| FOR THE SIX MONTHS ENDED JANUARY 31, 2015 (UNAUDITED) |
| | One Choice In Retirement Portfolio | One Choice 2015 Portfolio | One Choice 2020 Portfolio |
| Investment Income (Loss) | | | |
| Income from Affiliates: | | | |
| Income distributions from underlying funds | $ | 12,355,993 |
| $ | 23,385,540 |
| $ | 26,568,940 |
|
| | | | |
| Expenses: | | | |
| Administrative fees: | | | |
| Investor Class | 270,906 |
| 591,502 |
| 571,666 |
|
| A Class | 142,577 |
| 304,973 |
| 338,342 |
|
| C Class | 2,559 |
| 5,169 |
| 11,526 |
|
| R Class | 112,803 |
| 131,581 |
| 148,254 |
|
| Distribution and service fees: | | | |
| A Class | 178,222 |
| 381,216 |
| 422,927 |
|
| C Class | 12,793 |
| 25,845 |
| 57,632 |
|
| R Class | 282,007 |
| 328,951 |
| 370,635 |
|
| Directors' fees and expenses | 12,593 |
| 24,329 |
| 26,898 |
|
| | 1,014,460 |
| 1,793,566 |
| 1,947,880 |
|
| | | | |
| Net investment income (loss) | 11,341,533 |
| 21,591,974 |
| 24,621,060 |
|
| | | | |
| Net Realized and Unrealized Gain (Loss) on Affiliates | | |
| Net realized gain (loss) on: | | | |
| Sale of investments in underlying funds | 18,825 |
| 22,023,215 |
| 793,119 |
|
| Capital gain distributions received from underlying funds | 21,421,865 |
| 40,198,588 |
| 49,099,771 |
|
| | 21,440,690 |
| 62,221,803 |
| 49,892,890 |
|
| | | | |
| Change in net unrealized appreciation (depreciation) on investments in underlying funds | (20,652,398 | ) | (59,283,810 | ) | (44,989,345 | ) |
| | | | |
| Net realized and unrealized gain (loss) on affiliates | 788,292 |
| 2,937,993 |
| 4,903,545 |
|
| | | | |
| Net Increase (Decrease) in Net Assets Resulting from Operations | $ | 12,129,825 |
| $ | 24,529,967 |
| $ | 29,524,605 |
|
See Notes to Financial Statements.
|
| | | | | | | | | |
| FOR THE SIX MONTHS ENDED JANUARY 31, 2015 (UNAUDITED) |
| | One Choice 2025 Portfolio | One Choice 2030 Portfolio | One Choice 2035 Portfolio |
| Investment Income (Loss) | | | |
| Income from Affiliates: | | | |
| Income distributions from underlying funds | $ | 42,373,333 |
| $ | 26,252,916 |
| $ | 33,073,614 |
|
| | | | |
| Expenses: | | | |
| Administrative fees: | | | |
| Investor Class | 1,034,535 |
| 537,373 |
| 793,207 |
|
| A Class | 536,088 |
| 362,396 |
| 434,894 |
|
| C Class | 7,569 |
| 4,828 |
| 5,396 |
|
| R Class | 223,059 |
| 147,261 |
| 191,645 |
|
| Distribution and service fees: | | | |
| A Class | 670,110 |
| 452,995 |
| 543,617 |
|
| C Class | 37,845 |
| 24,142 |
| 26,978 |
|
| R Class | 557,648 |
| 368,152 |
| 479,113 |
|
| Directors' fees and expenses | 42,616 |
| 26,391 |
| 33,389 |
|
| | 3,109,470 |
| 1,923,538 |
| 2,508,239 |
|
| | | | |
| Net investment income (loss) | 39,263,863 |
| 24,329,378 |
| 30,565,375 |
|
| | | | |
| Net Realized and Unrealized Gain (Loss) on Affiliates | | |
| Net realized gain (loss) on: | | | |
| Sale of investments in underlying funds | 2,943,238 |
| 18,471 |
| 995,134 |
|
| Capital gain distributions received from underlying funds | 83,235,539 |
| 57,900,047 |
| 79,927,613 |
|
| | 86,178,777 |
| 57,918,518 |
| 80,922,747 |
|
| | | | |
| Change in net unrealized appreciation (depreciation) on investments in underlying funds | (74,109,345 | ) | (46,765,619 | ) | (61,995,292 | ) |
| | | | |
| Net realized and unrealized gain (loss) on affiliates | 12,069,432 |
| 11,152,899 |
| 18,927,455 |
|
| | | | |
| Net Increase (Decrease) in Net Assets Resulting from Operations | $ | 51,333,295 |
| $ | 35,482,277 |
| $ | 49,492,830 |
|
See Notes to Financial Statements.
|
| | | | | | | | | |
| FOR THE SIX MONTHS ENDED JANUARY 31, 2015 (UNAUDITED) |
| | One Choice 2040 Portfolio | One Choice 2045 Portfolio | One Choice 2050 Portfolio |
| Investment Income (Loss) | | | |
| Income from Affiliates: | | | |
| Income distributions from underlying funds | $ | 20,389,301 |
| $ | 25,291,029 |
| $ | 11,799,576 |
|
| | | | |
| Expenses: | | | |
| Administrative fees: | | | |
| Investor Class | 417,194 |
| 555,500 |
| 234,004 |
|
| A Class | 240,871 |
| 287,607 |
| 139,594 |
|
| C Class | 3,133 |
| 2,052 |
| 2,127 |
|
| R Class | 104,865 |
| 124,638 |
| 52,172 |
|
| Distribution and service fees: | | | |
| A Class | 301,088 |
| 359,509 |
| 174,493 |
|
| C Class | 15,663 |
| 10,260 |
| 10,637 |
|
| R Class | 262,162 |
| 311,595 |
| 130,428 |
|
| Directors' fees and expenses | 19,564 |
| 23,950 |
| 10,921 |
|
| | 1,364,540 |
| 1,675,111 |
| 754,376 |
|
| | | | |
| Net investment income (loss) | 19,024,761 |
| 23,615,918 |
| 11,045,200 |
|
| | | | |
| Net Realized and Unrealized Gain (Loss) on Affiliates | | |
| Net realized gain (loss) on: | | | |
| Sale of investments in underlying funds | (328,366 | ) | (7,477 | ) | (284,446 | ) |
| Capital gain distributions received from underlying funds | 51,463,860 |
| 66,694,957 |
| 31,902,916 |
|
| | 51,135,494 |
| 66,687,480 |
| 31,618,470 |
|
| | | | |
| Change in net unrealized appreciation (depreciation) on investments in underlying funds | (40,166,998 | ) | (53,159,774 | ) | (25,880,564 | ) |
| | | | |
| Net realized and unrealized gain (loss) on affiliates | 10,968,496 |
| 13,527,706 |
| 5,737,906 |
|
| | | | |
| Net Increase (Decrease) in Net Assets Resulting from Operations | $ | 29,993,257 |
| $ | 37,143,624 |
| $ | 16,783,106 |
|
See Notes to Financial Statements.
|
| | | |
| FOR THE SIX MONTHS ENDED JANUARY 31, 2015 (UNAUDITED) |
| | One Choice 2055 Portfolio |
| Investment Income (Loss) |
| Income from Affiliates: | |
| Income distributions from underlying funds | $ | 2,975,658 |
|
| | |
| Expenses: | |
| Administrative fees: | |
| Investor Class | 40,747 |
|
| A Class | 36,858 |
|
| C Class | 469 |
|
| R Class | 16,948 |
|
| Distribution and service fees: | |
| A Class | 46,072 |
|
| C Class | 2,343 |
|
| R Class | 42,370 |
|
| Directors' fees and expenses | 2,655 |
|
| | 188,462 |
|
| | |
| Net investment income (loss) | 2,787,196 |
|
| | |
| Net Realized and Unrealized Gain (Loss) on Affiliates | |
| Net realized gain (loss) on: | |
| Sale of investments in underlying funds | (127,868 | ) |
| Capital gain distributions received from underlying funds | 8,239,181 |
|
| | 8,111,313 |
|
| | |
| Change in net unrealized appreciation (depreciation) on investments in underlying funds | (6,925,293 | ) |
| | |
| Net realized and unrealized gain (loss) on affiliates | 1,186,020 |
|
| | |
| Net Increase (Decrease) in Net Assets Resulting from Operations | $ | 3,973,216 |
|
See Notes to Financial Statements.
|
|
| Statements of Changes in Net Assets |
|
| | | | | | | | | | | | |
| SIX MONTHS ENDED JANUARY 31, 2015 (UNAUDITED) AND YEAR ENDED JULY 31, 2014 |
| | One Choice In Retirement Portfolio | One Choice 2015 Portfolio |
| Increase (Decrease) in Net Assets | January 31,
2015 | July 31,
2014 | January 31,
2015 | July 31,
2014 |
| Operations | | | | |
| Net investment income (loss) | $ | 11,341,533 |
| $ | 11,271,704 |
| $ | 21,591,974 |
| $ | 25,228,981 |
|
| Net realized gain (loss) | 21,440,690 |
| 9,124,706 |
| 62,221,803 |
| 29,517,257 |
|
| Change in net unrealized appreciation (depreciation) | (20,652,398 | ) | 22,567,777 |
| (59,283,810 | ) | 42,723,180 |
|
| Net increase (decrease) in net assets resulting from operations | 12,129,825 |
| 42,964,187 |
| 24,529,967 |
| 97,469,418 |
|
| | | | | |
| Distributions to Shareholders | | | | |
| From net investment income: | | | | |
| Investor Class | (4,590,435 | ) | (4,974,928 | ) | (11,993,256 | ) | (11,864,962 | ) |
| Institutional Class | (2,630,428 | ) | (2,595,030 | ) | (6,022,040 | ) | (4,628,627 | ) |
| A Class | (2,199,658 | ) | (2,369,527 | ) | (5,499,726 | ) | (5,632,664 | ) |
| C Class | (29,109 | ) | (27,803 | ) | (56,753 | ) | (48,307 | ) |
| R Class | (1,634,099 | ) | (1,221,450 | ) | (2,081,272 | ) | (1,904,462 | ) |
| From net realized gains: | | | | |
| Investor Class | (3,385,558 | ) | (2,288,831 | ) | (12,479,857 | ) | (7,552,373 | ) |
| Institutional Class | (1,857,995 | ) | (1,087,473 | ) | (5,711,394 | ) | (2,680,690 | ) |
| A Class | (1,756,318 | ) | (1,247,654 | ) | (6,513,451 | ) | (4,092,483 | ) |
| C Class | (31,470 | ) | (20,733 | ) | (114,860 | ) | (60,926 | ) |
| R Class | (1,437,825 | ) | (721,985 | ) | (2,859,992 | ) | (1,610,907 | ) |
| Decrease in net assets from distributions | (19,552,895 | ) | (16,555,414 | ) | (53,332,601 | ) | (40,076,401 | ) |
| | | | | |
| Capital Share Transactions | | | | |
| Net increase (decrease) in net assets from capital share transactions (Note 5) | 81,124,052 |
| 111,785,577 |
| 13,285,943 |
| 75,497,092 |
|
| | | | | |
| Net increase (decrease) in net assets | 73,700,982 |
| 138,194,350 |
| (15,516,691 | ) | 132,890,109 |
|
| | | | | |
| Net Assets | | | | |
| Beginning of period | 628,971,210 |
| 490,776,860 |
| 1,273,351,075 |
| 1,140,460,966 |
|
| End of period | $ | 702,672,192 |
| $ | 628,971,210 |
| $ | 1,257,834,384 |
| $ | 1,273,351,075 |
|
| | | | | |
| Undistributed net investment income | $ | 257,804 |
| $ | — |
| $ | 495,162 |
| $ | 4,556,235 |
|
See Notes to Financial Statements.
|
| | | | | | | | | | | | |
| SIX MONTHS ENDED JANUARY 31, 2015 (UNAUDITED) AND YEAR ENDED JULY 31, 2014 |
| | One Choice 2020 Portfolio | One Choice 2025 Portfolio |
| Increase (Decrease) in Net Assets | January 31,
2015 | July 31,
2014 | January 31,
2015 | July 31,
2014 |
| Operations | | | | |
| Net investment income (loss) | $ | 24,621,060 |
| $ | 24,914,074 |
| $ | 39,263,863 |
| $ | 42,845,053 |
|
| Net realized gain (loss) | 49,892,890 |
| 20,528,706 |
| 86,178,777 |
| 42,795,699 |
|
| Change in net unrealized appreciation (depreciation) | (44,989,345 | ) | 54,975,502 |
| (74,109,345 | ) | 92,519,980 |
|
| Net increase (decrease) in net assets resulting from operations | 29,524,605 |
| 100,418,282 |
| 51,333,295 |
| 178,160,732 |
|
| | | | | |
| Distributions to Shareholders | |
| From net investment income: | | | | |
| Investor Class | (12,352,256 | ) | (9,819,267 | ) | (22,521,568 | ) | (19,077,703 | ) |
| Institutional Class | (9,406,680 | ) | (5,571,254 | ) | (12,088,557 | ) | (8,115,728 | ) |
| A Class | (6,389,870 | ) | (5,275,285 | ) | (10,418,808 | ) | (9,556,205 | ) |
| C Class | (136,434 | ) | (78,383 | ) | (90,627 | ) | (72,908 | ) |
| R Class | (2,510,233 | ) | (1,788,806 | ) | (3,786,705 | ) | (3,061,379 | ) |
| From net realized gains: | | | | |
| Investor Class | (8,843,300 | ) | (3,573,259 | ) | (20,138,480 | ) | (8,772,450 | ) |
| Institutional Class | (6,157,505 | ) | (1,840,144 | ) | (9,890,637 | ) | (3,406,146 | ) |
| A Class | (5,183,223 | ) | (2,197,614 | ) | (10,542,107 | ) | (4,992,585 | ) |
| C Class | (184,038 | ) | (57,872 | ) | (151,236 | ) | (64,317 | ) |
| R Class | (2,348,635 | ) | (871,830 | ) | (4,410,237 | ) | (1,850,724 | ) |
| Decrease in net assets from distributions | (53,512,174 | ) | (31,073,714 | ) | (94,038,962 | ) | (58,970,145 | ) |
| | | | | |
| Capital Share Transactions | | | | |
| Net increase (decrease) in net assets from capital share transactions (Note 5) | 163,822,967 |
| 301,710,872 |
| 218,782,780 |
| 298,336,311 |
|
| | | | | |
| Net increase (decrease) in net assets | 139,835,398 |
| 371,055,440 |
| 176,077,113 |
| 417,526,898 |
|
| | | | | |
| Net Assets | | | | |
| Beginning of period | 1,345,048,420 |
| 973,992,980 |
| 2,162,282,633 |
| 1,744,755,735 |
|
| End of period | $ | 1,484,883,818 |
| $ | 1,345,048,420 |
| $ | 2,338,359,746 |
| $ | 2,162,282,633 |
|
| | | | | |
| Undistributed net investment income | $ | 557,491 |
| $ | 6,731,904 |
| $ | 809,977 |
| $ | 10,452,379 |
|
See Notes to Financial Statements.
|
| | | | | | | | | | | | |
| SIX MONTHS ENDED JANUARY 31, 2015 (UNAUDITED) AND YEAR ENDED JULY 31, 2014 |
| | One Choice 2030 Portfolio | One Choice 2035 Portfolio |
| Increase (Decrease) in Net Assets | January 31,
2015 | July 31,
2014 | January 31,
2015 | July 31,
2014 |
| Operations | | | | |
| Net investment income (loss) | $ | 24,329,378 |
| $ | 25,257,541 |
| $ | 30,565,375 |
| $ | 34,247,740 |
|
| Net realized gain (loss) | 57,918,518 |
| 26,549,841 |
| 80,922,747 |
| 41,724,936 |
|
| Change in net unrealized appreciation (depreciation) | (46,765,619 | ) | 56,111,490 |
| (61,995,292 | ) | 77,422,009 |
|
| Net increase (decrease) in net assets resulting from operations | 35,482,277 |
| 107,918,872 |
| 49,492,830 |
| 153,394,685 |
|
| | | | | |
| Distributions to Shareholders | | | | |
| From net investment income: | | | | |
| Investor Class | (11,527,431 | ) | (9,330,847 | ) | (17,069,074 | ) | (14,670,259 | ) |
| Institutional Class | (9,190,911 | ) | (5,817,356 | ) | (8,933,739 | ) | (6,523,160 | ) |
| A Class | (6,745,489 | ) | (5,667,872 | ) | (8,314,219 | ) | (7,837,370 | ) |
| C Class | (54,556 | ) | (42,914 | ) | (62,683 | ) | (46,280 | ) |
| R Class | (2,516,296 | ) | (1,893,572 | ) | (3,192,145 | ) | (2,755,398 | ) |
| From net realized gains: | | | | |
| Investor Class | (10,815,442 | ) | (3,426,979 | ) | (19,055,347 | ) | (6,508,455 | ) |
| Institutional Class | (7,873,516 | ) | (1,946,819 | ) | (9,111,372 | ) | (2,649,867 | ) |
| A Class | (7,184,678 | ) | (2,370,992 | ) | (10,524,768 | ) | (3,929,247 | ) |
| C Class | (97,635 | ) | (30,719 | ) | (132,715 | ) | (38,067 | ) |
| R Class | (3,097,726 | ) | (919,508 | ) | (4,665,723 | ) | (1,587,929 | ) |
| Decrease in net assets from distributions | (59,103,680 | ) | (31,447,578 | ) | (81,061,785 | ) | (46,546,032 | ) |
| | | | | |
| Capital Share Transactions | | | | |
| Net increase (decrease) in net assets from capital share transactions (Note 5) | 180,434,701 |
| 343,921,171 |
| 180,734,387 |
| 273,030,474 |
|
| | | | | |
| Net increase (decrease) in net assets | 156,813,298 |
| 420,392,465 |
| 149,165,432 |
| 379,879,127 |
|
| | | | | |
| Net Assets | | | | |
| Beginning of period | 1,327,995,365 |
| 907,602,900 |
| 1,690,901,945 |
| 1,311,022,818 |
|
| End of period | $ | 1,484,808,663 |
| $ | 1,327,995,365 |
| $ | 1,840,067,377 |
| $ | 1,690,901,945 |
|
| | | | | |
| Undistributed net investment income | $ | 429,266 |
| $ | 6,134,571 |
| $ | 414,030 |
| $ | 7,420,515 |
|
See Notes to Financial Statements.
|
| | | | | | | | | | | | |
| SIX MONTHS ENDED JANUARY 31, 2015 (UNAUDITED) AND YEAR ENDED JULY 31, 2014 |
| | One Choice 2040 Portfolio | One Choice 2045 Portfolio |
| Increase (Decrease) in Net Assets | January 31,
2015 | July 31,
2014 | January 31,
2015 | July 31,
2014 |
| Operations | | | | |
| Net investment income (loss) | $ | 19,024,761 |
| $ | 19,175,979 |
| $ | 23,615,918 |
| $ | 24,519,396 |
|
| Net realized gain (loss) | 51,135,494 |
| 23,800,299 |
| 66,687,480 |
| 32,079,858 |
|
| Change in net unrealized appreciation (depreciation) | (40,166,998 | ) | 44,741,982 |
| (53,159,774 | ) | 62,485,120 |
|
| Net increase (decrease) in net assets resulting from operations | 29,993,257 |
| 87,718,260 |
| 37,143,624 |
| 119,084,374 |
|
| | | | | |
| Distributions to Shareholders | | | | |
| From net investment income: | | | | |
| Investor Class | (9,017,193 | ) | (7,497,230 | ) | (12,417,396 | ) | (10,137,498 | ) |
| Institutional Class | (7,299,870 | ) | (4,691,093 | ) | (7,762,124 | ) | (5,633,312 | ) |
| A Class | (4,642,592 | ) | (4,005,418 | ) | (5,699,040 | ) | (5,408,579 | ) |
| C Class | (37,054 | ) | (32,701 | ) | (24,550 | ) | (18,397 | ) |
| R Class | (1,818,551 | ) | (1,266,851 | ) | (2,186,794 | ) | (1,836,633 | ) |
| From net realized gains: | | | | |
| Investor Class | (9,445,832 | ) | (2,650,070 | ) | (14,310,333 | ) | (4,326,674 | ) |
| Institutional Class | (6,987,452 | ) | (1,518,621 | ) | (8,195,367 | ) | (2,208,806 | ) |
| A Class | (5,512,609 | ) | (1,599,221 | ) | (7,415,660 | ) | (2,594,509 | ) |
| C Class | (73,397 | ) | (21,371 | ) | (52,135 | ) | (14,063 | ) |
| R Class | (2,492,089 | ) | (581,086 | ) | (3,267,257 | ) | (1,006,054 | ) |
| Decrease in net assets from distributions | (47,326,639 | ) | (23,863,662 | ) | (61,330,656 | ) | (33,184,525 | ) |
| | | | | |
| Capital Share Transactions | | | | |
| Net increase (decrease) in net assets from capital share transactions (Note 5) | 154,962,817 |
| 266,700,967 |
| 122,463,170 |
| 246,605,584 |
|
| | | | | |
| Net increase (decrease) in net assets | 137,629,435 |
| 330,555,565 |
| 98,276,138 |
| 332,505,433 |
|
| | | | | |
| Net Assets | | | | |
| Beginning of period | 964,503,525 |
| 633,947,960 |
| 1,208,582,427 |
| 876,076,994 |
|
| End of period | $ | 1,102,132,960 |
| $ | 964,503,525 |
| $ | 1,306,858,565 |
| $ | 1,208,582,427 |
|
| | | | | |
| Undistributed net investment income | $ | 197,066 |
| $ | 3,987,565 |
| $ | 141,131 |
| $ | 4,615,117 |
|
See Notes to Financial Statements.
|
| | | | | | | | | | | | |
| SIX MONTHS ENDED JANUARY 31, 2015 (UNAUDITED) AND YEAR ENDED JULY 31, 2014 |
| | One Choice 2050 Portfolio | One Choice 2055 Portfolio |
| Increase (Decrease) in Net Assets | January 31,
2015 | July 31,
2014 | January 31,
2015 | July 31,
2014 |
| Operations | | | | |
| Net investment income (loss) | $ | 11,045,200 |
| $ | 10,073,276 |
| $ | 2,787,196 |
| $ | 1,790,387 |
|
| Net realized gain (loss) | 31,618,470 |
| 13,081,175 |
| 8,111,313 |
| 2,193,768 |
|
| Change in net unrealized appreciation (depreciation) | (25,880,564 | ) | 26,753,615 |
| (6,925,293 | ) | 5,249,341 |
|
| Net increase (decrease) in net assets resulting from operations | 16,783,106 |
| 49,908,066 |
| 3,973,216 |
| 9,233,496 |
|
| | | | | |
| Distributions to Shareholders | | | | |
| From net investment income: | | | | |
| Investor Class | (4,991,296 | ) | (3,796,951 | ) | (920,144 | ) | (527,130 | ) |
| Institutional Class | (4,239,248 | ) | (2,661,091 | ) | (1,225,516 | ) | (459,579 | ) |
| A Class | (2,692,104 | ) | (2,176,551 | ) | (707,023 | ) | (404,300 | ) |
| C Class | (24,454 | ) | (28,338 | ) | (4,711 | ) | (3,431 | ) |
| R Class | (902,027 | ) | (687,986 | ) | (287,640 | ) | (162,114 | ) |
| From net realized gains: | | | | |
| Investor Class | (5,158,427 | ) | (1,370,673 | ) | (680,920 | ) | (107,031 | ) |
| Institutional Class | (4,002,833 | ) | (881,545 | ) | (824,828 | ) | (85,305 | ) |
| A Class | (3,154,095 | ) | (885,230 | ) | (597,342 | ) | (93,019 | ) |
| C Class | (47,826 | ) | (18,564 | ) | (6,929 | ) | (1,313 | ) |
| R Class | (1,219,857 | ) | (320,242 | ) | (283,137 | ) | (43,026 | ) |
| Decrease in net assets from distributions | (26,432,167 | ) | (12,827,171 | ) | (5,538,190 | ) | (1,886,248 | ) |
| | | | | |
| Capital Share Transactions | | | | |
| Net increase (decrease) in net assets from capital share transactions (Note 5) | 97,687,711 |
| 157,882,377 |
| 43,216,046 |
| 68,124,691 |
|
| | | | | |
| Net increase (decrease) in net assets | 88,038,650 |
| 194,963,272 |
| 41,651,072 |
| 75,471,939 |
|
| | | | | |
| Net Assets | | | | |
| Beginning of period | 531,920,896 |
| 336,957,624 |
| 122,718,152 |
| 47,246,213 |
|
| End of period | $ | 619,959,546 |
| $ | 531,920,896 |
| $ | 164,369,224 |
| $ | 122,718,152 |
|
| | | | | |
| Undistributed net investment income | $ | 48,597 |
| $ | 1,852,526 |
| $ | 4,365 |
| $ | 362,203 |
|
See Notes to Financial Statements.
|
|
| Notes to Financial Statements |
JANUARY 31, 2015 (UNAUDITED)
1. Organization
American Century Asset Allocation Portfolios, Inc. (the corporation) is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company and is organized as a Maryland corporation. One Choice In Retirement Portfolio, One Choice 2015 Portfolio, One Choice 2020 Portfolio, One Choice 2025 Portfolio, One Choice 2030 Portfolio, One Choice 2035 Portfolio, One Choice 2040 Portfolio, One Choice 2045 Portfolio, One Choice 2050 Portfolio and One Choice 2055 Portfolio (collectively, the funds) are ten funds in a series issued by the corporation. The funds operate as “funds of funds,” meaning substantially all of the funds’ assets will be invested in other American Century Investments mutual funds (the underlying funds). Each fund’s assets are allocated among underlying funds that represent major asset classes, including equity securities (stocks), fixed-income securities (bonds) and cash-equivalent instruments (money markets). The underlying funds do not invest in securities issued by companies assigned the Global Industry Classification Standard for the tobacco industry. The funds are diversified as defined under the 1940 Act. The funds will assume the risks associated with their underlying funds. Additional information and attributes of each underlying fund are available at americancentury.com. The investment objective of One Choice In Retirement Portfolio is to seek current income. Capital appreciation is a secondary objective. The investment objective of each of the nine target date One Choice Portfolios is to seek the highest total return consistent with its asset mix. When a fund reaches its most conservative planned target asset allocation, which is expected to occur on approximately November 30 of the year before the target date, its target allocation will become fixed and will match that of One Choice In Retirement Portfolio.
The funds offer the Investor Class, the Institutional Class, the A Class, the C Class and the R Class. The A Class may incur an initial sales charge. The A Class and C Class may be subject to a contingent deferred sales charge. The share classes differ principally in their respective sales charges and distribution and shareholder servicing expenses and arrangements. The Institutional Class is made available to institutional shareholders or through financial intermediaries whose clients do not require the same level of shareholder and administrative services as shareholders of other classes. As a result, the Institutional Class is not charged an administrative fee.
2. Significant Accounting Policies
The following is a summary of significant accounting policies consistently followed by the funds in preparation of their financial statements. Each fund is an investment company and follows accounting and reporting guidance in accordance with accounting principles generally accepted in the United States of America. This may require management to make certain estimates and assumptions at the date of the financial statements. Actual results could differ from these estimates. Management evaluated the impact of events or transactions occurring through the date the financial statements were issued that would merit recognition or disclosure.
Investment Valuations — The funds determine the fair value of their investments and compute their net asset value 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 Board of Directors has adopted valuation policies and procedures to guide the investment advisor in the funds' investment valuation process and to provide methodologies for the oversight of the funds' pricing function. Investments in the underlying funds are valued at their reported net asset value.
Security Transactions — Security transactions are accounted for as of the trade date. Net realized gains and losses are determined on the identified cost basis, which is also used for federal income tax purposes.
Investment Income — Income and capital gain distributions, if any, from the underlying funds are recorded as of the ex-dividend date. Long-term capital gain distributions, if any, from the underlying funds are a component of net realized gain (loss).
Expenses — The expenses included in the accompanying financial statements reflect the expenses of each fund and do not include any expenses associated with the underlying funds.
Income Tax Status — It is each fund’s policy to distribute substantially all net investment income and net realized gains to shareholders and to otherwise qualify as a regulated investment company under provisions of the Internal Revenue Code. Accordingly, no provision has been made for income taxes. The funds file U.S. federal, state, local and non-U.S. tax returns as applicable. The funds' tax returns are subject to examination by the relevant taxing authority until expiration of the applicable statute of limitations, which is generally three years from the date of filing but can be longer in certain jurisdictions. At this time, management believes there are no uncertain tax positions which, based on their technical merit, would not be sustained upon examination and for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months.
Multiple Class — All shares of each fund represent an equal pro rata interest in the net assets of the class to which such shares belong, and have identical voting, dividend, liquidation and other rights and the same terms and conditions, except for class specific expenses and exclusive rights to vote on matters affecting only individual classes. Income, non-class specific expenses, and realized and unrealized capital gains and losses of the funds are allocated to each class of shares based on their relative net assets.
Distributions to Shareholders — Distributions from net investment income, if any, are generally declared and paid quarterly for One Choice In Retirement Portfolio. Distributions from net investment income, if any, are generally declared and paid annually for the nine target date One Choice Portfolios. Distributions from net realized gains, if any, are generally declared and paid annually for all funds.
Indemnifications — Under the corporation’s organizational documents, its officers and directors are indemnified against certain liabilities arising out of the performance of their duties to the funds. In addition, in the normal course of business, the funds enter into contracts that provide general indemnifications. The maximum exposure under these arrangements is unknown as this would involve future claims that may be made against a fund. The risk of material loss from such claims is considered by management to be remote.
3. Fees and Transactions with Related Parties
Certain officers and directors of the corporation are also officers and/or directors of American Century Companies, Inc. (ACC). The corporation’s investment advisor, American Century Investment Management, Inc. (ACIM), the corporation's distributor, American Century Investment Services, Inc. (ACIS), and the corporation’s transfer agent, American Century Services, LLC, are wholly owned, directly or indirectly, by ACC. ACIM serves as the investment advisor for the underlying funds.
Administrative Fees — The corporation has entered into an agreement with ACIM, under which ACIM provides the funds with shareholder services in exchange for an administrative fee (the fee). The fee is computed and accrued daily based on each class’s daily net assets and paid monthly in arrears. The rate of the fee for the Investor Class, A Class, C Class and R Class is 0.20%. There is no administrative fee for the Institutional Class.
Distribution and Service Fees — The Board of Directors has adopted a separate Master Distribution and Individual Shareholder Services Plan for each of the A Class, C Class and R Class (collectively the plans), pursuant to Rule 12b-1 of the 1940 Act. The plans provide that the A Class will pay ACIS an annual distribution and service fee of 0.25%. The plans provide that the C Class will pay ACIS an annual distribution and service fee of 1.00%, of which 0.25% is paid for individual shareholder services and 0.75% is paid for distribution services. The plans provide that the R Class will pay ACIS an annual distribution and service fee of 0.50%. The fees are computed and accrued daily based on each class’s daily net assets and paid monthly in arrears. These fees are used to pay financial intermediaries for distribution and individual shareholder services. Fees incurred under the plans during the six months ended January 31, 2015 are detailed in the Statements of Operations.
Directors' Fees and Expenses — The Board of Directors is responsible for overseeing the investment advisor’s management and operations of the funds. The directors receive detailed information about the funds and their investment advisor regularly throughout the year, and meet at least quarterly with management of the investment advisor to review reports about fund operations. Fees and expenses incurred in conjunction with the directors during the six months ended January 31, 2015 are detailed in the Statements of Operations. The funds' officers do not receive compensation from the funds.
Acquired Fund Fees and Expenses — Each fund will indirectly realize its pro rata share of the fees and expenses of the underlying funds in which it invests. These fees and expenses are already reflected in the valuation of the underlying funds.
4. Investment Transactions
Investment transactions for the six months ended January 31, 2015 were as follows:
|
| | | | | | | | | | | | | | | |
| | One Choice In Retirement Portfolio | One Choice 2015 Portfolio | One Choice 2020 Portfolio | One Choice 2025 Portfolio | One Choice 2030 Portfolio |
| Purchases | $ | 114,442,479 |
| $ | 122,776,374 |
| $ | 233,568,368 |
| $ | 321,845,133 |
| $ | 249,547,220 |
|
| Sales | $ | 20,126,203 |
| $ | 101,042,600 |
| $ | 49,548,455 |
| $ | 74,641,237 |
| $ | 45,995,992 |
|
|
| | | | | | | | | | | | | | | |
| | One Choice 2035 Portfolio | One Choice 2040 Portfolio | One Choice 2045 Portfolio | One Choice 2050 Portfolio | One Choice 2055 Portfolio |
| Purchases | $ | 273,964,306 |
| $ | 200,050,865 |
| $ | 198,627,144 |
| $ | 130,374,910 |
| $ | 54,788,338 |
|
| Sales | $ | 63,813,933 |
| $ | 21,939,192 |
| $ | 47,200,614 |
| $ | 16,178,125 |
| $ | 6,085,993 |
|
5. Capital Share Transactions
The corporation is authorized to issue 3,000,000,000 shares. Transactions in shares of the funds were as follows:
|
| | | | | | | | | | |
| | Six months ended January 31, 2015 | Year ended July 31, 2014 |
| | Shares | Amount | Shares | Amount |
| One Choice In Retirement Portfolio | | | | |
| Investor Class | | | | |
| Sold | 4,468,425 |
| $ | 58,372,630 |
| 9,344,734 |
| $ | 118,858,225 |
|
| Issued in reinvestment of distributions | 603,148 |
| 7,855,915 |
| 565,559 |
| 7,164,226 |
|
| Redeemed | (2,788,053 | ) | (36,450,747 | ) | (6,871,661 | ) | (87,661,948 | ) |
| | 2,283,520 |
| 29,777,798 |
| 3,038,632 |
| 38,360,503 |
|
| Institutional Class | | | | |
| Sold | 3,507,675 |
| 46,076,942 |
| 4,962,217 |
| 63,382,965 |
|
| Issued in reinvestment of distributions | 337,050 |
| 4,390,096 |
| 284,671 |
| 3,607,197 |
|
| Redeemed | (1,817,719 | ) | (23,774,503 | ) | (3,631,594 | ) | (46,185,156 | ) |
| | 2,027,006 |
| 26,692,535 |
| 1,615,294 |
| 20,805,006 |
|
| A Class | | | | |
| Sold | 2,893,708 |
| 37,849,346 |
| 5,457,025 |
| 69,464,024 |
|
| Issued in reinvestment of distributions | 281,615 |
| 3,667,751 |
| 261,841 |
| 3,314,578 |
|
| Redeemed | (2,825,431 | ) | (36,990,080 | ) | (4,599,854 | ) | (58,418,609 | ) |
| | 349,892 |
| 4,527,017 |
| 1,119,012 |
| 14,359,993 |
|
| C Class | | | | |
| Sold | 16,495 |
| 216,510 |
| 128,031 |
| 1,619,511 |
|
| Issued in reinvestment of distributions | 4,656 |
| 60,579 |
| 3,835 |
| 48,536 |
|
| Redeemed | (25,773 | ) | (335,238 | ) | (44,116 | ) | (558,381 | ) |
| | (4,622 | ) | (58,149 | ) | 87,750 |
| 1,109,666 |
|
| R Class | | | | |
| Sold | 2,286,901 |
| 29,906,483 |
| 4,619,094 |
| 58,836,138 |
|
| Issued in reinvestment of distributions | 232,081 |
| 3,020,023 |
| 149,406 |
| 1,890,232 |
|
| Redeemed | (973,315 | ) | (12,741,655 | ) | (1,853,280 | ) | (23,575,961 | ) |
| | 1,545,667 |
| 20,184,851 |
| 2,915,220 |
| 37,150,409 |
|
| Net increase (decrease) | 6,201,463 |
| $ | 81,124,052 |
| 8,775,908 |
| $ | 111,785,577 |
|
|
| | | | | | | | | | |
| | Six months ended
January 31, 2015 | Year ended
July 31, 2014 |
| | Shares | Amount | Shares | Amount |
| One Choice 2015 Portfolio | | | | |
| Investor Class | | | | |
| Sold | 3,160,955 |
| $ | 43,793,173 |
| 11,555,601 |
| $ | 155,702,006 |
|
| Issued in reinvestment of distributions | 1,775,956 |
| 24,188,515 |
| 1,441,377 |
| 19,184,736 |
|
| Redeemed | (6,536,672 | ) | (90,599,653 | ) | (10,894,289 | ) | (147,214,612 | ) |
| | (1,599,761 | ) | (22,617,965 | ) | 2,102,689 |
| 27,672,130 |
|
| Institutional Class | | | | |
| Sold | 4,879,883 |
| 67,975,473 |
| 7,306,344 |
| 98,597,454 |
|
| Issued in reinvestment of distributions | 843,040 |
| 11,490,640 |
| 536,263 |
| 7,143,021 |
|
| Redeemed | (2,901,962 | ) | (40,300,613 | ) | (4,787,681 | ) | (64,602,022 | ) |
| | 2,820,961 |
| 39,165,500 |
| 3,054,926 |
| 41,138,453 |
|
| A Class | | | | |
| Sold | 2,846,999 |
| 39,380,079 |
| 7,692,536 |
| 103,742,196 |
|
| Issued in reinvestment of distributions | 811,928 |
| 11,058,462 |
| 660,903 |
| 8,796,617 |
|
| Redeemed | (4,097,866 | ) | (56,718,135 | ) | (8,451,016 | ) | (114,129,187 | ) |
| | (438,939 | ) | (6,279,594 | ) | (97,577 | ) | (1,590,374 | ) |
| C Class | | | | |
| Sold | 48,606 |
| 669,679 |
| 104,821 |
| 1,408,696 |
|
| Issued in reinvestment of distributions | 12,563 |
| 171,613 |
| 7,468 |
| 99,618 |
|
| Redeemed | (17,669 | ) | (243,763 | ) | (70,911 | ) | (947,121 | ) |
| | 43,500 |
| 597,529 |
| 41,378 |
| 561,193 |
|
| R Class | | | | |
| Sold | 1,470,763 |
| 20,394,576 |
| 3,670,256 |
| 49,243,647 |
|
| Issued in reinvestment of distributions | 345,594 |
| 4,710,451 |
| 248,017 |
| 3,301,112 |
|
| Redeemed | (1,642,572 | ) | (22,684,554 | ) | (3,329,884 | ) | (44,829,069 | ) |
| | 173,785 |
| 2,420,473 |
| 588,389 |
| 7,715,690 |
|
| Net increase (decrease) | 999,546 |
| $ | 13,285,943 |
| 5,689,805 |
| $ | 75,497,092 |
|
|
| | | | | | | | | | |
| | Six months ended
January 31, 2015 | Year ended
July 31, 2014 |
| | Shares | Amount | Shares | Amount |
| One Choice 2020 Portfolio | | | | |
| Investor Class | | | | |
| Sold | 5,785,072 |
| $ | 71,263,038 |
| 21,043,779 |
| $ | 249,994,003 |
|
| Issued in reinvestment of distributions | 1,733,039 |
| 21,125,745 |
| 1,134,503 |
| 13,375,788 |
|
| Redeemed | (4,670,618 | ) | (57,574,674 | ) | (10,595,751 | ) | (127,015,531 | ) |
| | 2,847,493 |
| 34,814,109 |
| 11,582,531 |
| 136,354,260 |
|
| Institutional Class | | | | |
| Sold | 12,159,337 |
| 150,438,694 |
| 12,653,625 |
| 151,264,000 |
|
| Issued in reinvestment of distributions | 1,274,866 |
| 15,527,868 |
| 628,617 |
| 7,411,398 |
|
| Redeemed | (4,271,871 | ) | (52,637,830 | ) | (6,267,991 | ) | (74,770,003 | ) |
| | 9,162,332 |
| 113,328,732 |
| 7,014,251 |
| 83,905,395 |
|
| A Class | | | | |
| Sold | 3,425,644 |
| 42,047,304 |
| 9,817,108 |
| 116,375,892 |
|
| Issued in reinvestment of distributions | 908,384 |
| 11,064,112 |
| 604,367 |
| 7,125,492 |
|
| Redeemed | (4,127,125 | ) | (50,686,204 | ) | (6,509,238 | ) | (77,630,489 | ) |
| | 206,903 |
| 2,425,212 |
| 3,912,237 |
| 45,870,895 |
|
| C Class | | | | |
| Sold | 128,754 |
| 1,589,652 |
| 478,240 |
| 5,663,540 |
|
| Issued in reinvestment of distributions | 26,108 |
| 319,042 |
| 11,419 |
| 134,968 |
|
| Redeemed | (58,939 | ) | (722,982 | ) | (141,207 | ) | (1,657,561 | ) |
| | 95,923 |
| 1,185,712 |
| 348,452 |
| 4,140,947 |
|
| R Class | | | | |
| Sold | 2,048,106 |
| 25,217,107 |
| 5,622,646 |
| 66,724,197 |
|
| Issued in reinvestment of distributions | 388,598 |
| 4,733,123 |
| 218,800 |
| 2,579,646 |
|
| Redeemed | (1,455,246 | ) | (17,881,028 | ) | (3,193,423 | ) | (37,864,468 | ) |
| | 981,458 |
| 12,069,202 |
| 2,648,023 |
| 31,439,375 |
|
| Net increase (decrease) | 13,294,109 |
| $ | 163,822,967 |
| 25,505,494 |
| $ | 301,710,872 |
|
|
| | | | | | | | | | |
| | Six months ended
January 31, 2015 | Year ended
July 31, 2014 |
| | Shares | Amount | Shares | Amount |
| One Choice 2025 Portfolio | | | | |
| Investor Class | | | | |
| Sold | 7,245,939 |
| $ | 105,881,822 |
| 19,149,017 |
| $ | 270,574,750 |
|
| Issued in reinvestment of distributions | 2,922,754 |
| 42,204,562 |
| 1,963,505 |
| 27,489,062 |
|
| Redeemed | (5,178,981 | ) | (76,036,351 | ) | (11,905,716 | ) | (168,899,498 | ) |
| | 4,989,712 |
| 72,050,033 |
| 9,206,806 |
| 129,164,314 |
|
| Institutional Class | | | | |
| Sold | 10,706,892 |
| 157,521,418 |
| 12,189,454 |
| 172,967,274 |
|
| Issued in reinvestment of distributions | 1,489,458 |
| 21,507,780 |
| 804,901 |
| 11,260,566 |
|
| Redeemed | (4,471,700 | ) | (65,450,707 | ) | (5,602,048 | ) | (79,677,701 | ) |
| | 7,724,650 |
| 113,578,491 |
| 7,392,307 |
| 104,550,139 |
|
| A Class | | | | |
| Sold | 6,406,600 |
| 93,680,609 |
| 11,840,877 |
| 167,296,312 |
|
| Issued in reinvestment of distributions | 1,348,142 |
| 19,467,175 |
| 951,631 |
| 13,322,832 |
|
| Redeemed | (6,870,483 | ) | (100,421,025 | ) | (10,101,771 | ) | (142,980,875 | ) |
| | 884,259 |
| 12,726,759 |
| 2,690,737 |
| 37,638,269 |
|
| C Class | | | | |
| Sold | 75,306 |
| 1,106,932 |
| 110,203 |
| 1,557,112 |
|
| Issued in reinvestment of distributions | 16,703 |
| 241,863 |
| 9,756 |
| 136,882 |
|
| Redeemed | (40,533 | ) | (592,907 | ) | (79,808 | ) | (1,136,207 | ) |
| | 51,476 |
| 755,888 |
| 40,151 |
| 557,787 |
|
| R Class | | | | |
| Sold | 2,946,083 |
| 43,007,219 |
| 5,637,303 |
| 79,620,796 |
|
| Issued in reinvestment of distributions | 537,074 |
| 7,755,353 |
| 327,815 |
| 4,589,412 |
|
| Redeemed | (2,124,697 | ) | (31,090,963 | ) | (4,099,280 | ) | (57,784,406 | ) |
| | 1,358,460 |
| 19,671,609 |
| 1,865,838 |
| 26,425,802 |
|
| Net increase (decrease) | 15,008,557 |
| $ | 218,782,780 |
| 21,195,839 |
| $ | 298,336,311 |
|
|
| | | | | | | | | | |
| | Six months ended
January 31, 2015 | Year ended
July 31, 2014 |
| | Shares | Amount | Shares | Amount |
| One Choice 2030 Portfolio | | | | |
| Investor Class | | | | |
| Sold | 5,076,996 |
| $ | 63,403,051 |
| 20,426,845 |
| $ | 245,871,448 |
|
| Issued in reinvestment of distributions | 1,802,338 |
| 22,312,945 |
| 1,066,114 |
| 12,740,058 |
|
| Redeemed | (3,113,565 | ) | (39,182,568 | ) | (8,995,021 | ) | (109,551,889 | ) |
| | 3,765,769 |
| 46,533,428 |
| 12,497,938 |
| 149,059,617 |
|
| Institutional Class | | | | |
| Sold | 11,777,940 |
| 148,220,216 |
| 12,448,367 |
| 150,487,344 |
|
| Issued in reinvestment of distributions | 1,369,619 |
| 16,942,184 |
| 649,722 |
| 7,764,175 |
|
| Redeemed | (4,630,518 | ) | (58,004,025 | ) | (4,749,313 | ) | (57,207,774 | ) |
| | 8,517,041 |
| 107,158,375 |
| 8,348,776 |
| 101,043,745 |
|
| A Class | | | | |
| Sold | 3,862,498 |
| 48,187,109 |
| 11,037,047 |
| 132,555,936 |
|
| Issued in reinvestment of distributions | 1,066,619 |
| 13,183,409 |
| 638,448 |
| 7,623,066 |
|
| Redeemed | (4,661,176 | ) | (58,291,141 | ) | (5,832,605 | ) | (70,195,184 | ) |
| | 267,941 |
| 3,079,377 |
| 5,842,890 |
| 69,983,818 |
|
| C Class | | | | |
| Sold | 58,613 |
| 731,020 |
| 147,541 |
| 1,775,111 |
|
| Issued in reinvestment of distributions | 12,242 |
| 151,803 |
| 6,091 |
| 72,962 |
|
| Redeemed | (24,771 | ) | (309,985 | ) | (89,873 | ) | (1,082,908 | ) |
| | 46,084 |
| 572,838 |
| 63,759 |
| 765,165 |
|
| R Class | | | | |
| Sold | 2,704,120 |
| 33,851,378 |
| 5,417,624 |
| 65,180,130 |
|
| Issued in reinvestment of distributions | 442,326 |
| 5,471,578 |
| 227,857 |
| 2,722,894 |
|
| Redeemed | (1,302,889 | ) | (16,232,273 | ) | (3,748,744 | ) | (44,834,198 | ) |
| | 1,843,557 |
| 23,090,683 |
| 1,896,737 |
| 23,068,826 |
|
| Net increase (decrease) | 14,440,392 |
| $ | 180,434,701 |
| 28,650,100 |
| $ | 343,921,171 |
|
|
| | | | | | | | | | |
| | Six months ended
January 31, 2015 | Year ended
July 31, 2014 |
| | Shares | Amount | Shares | Amount |
| One Choice 2035 Portfolio | | | | |
| Investor Class | | | | |
| Sold | 5,273,443 |
| $ | 82,596,201 |
| 15,419,113 |
| $ | 232,617,825 |
|
| Issued in reinvestment of distributions | 2,307,785 |
| 35,793,744 |
| 1,399,130 |
| 20,958,959 |
|
| Redeemed | (3,460,875 | ) | (54,490,986 | ) | (7,817,703 | ) | (118,549,367 | ) |
| | 4,120,353 |
| 63,898,959 |
| 9,000,540 |
| 135,027,417 |
|
| Institutional Class | | | | |
| Sold | 8,130,299 |
| 128,561,582 |
| 8,121,478 |
| 122,982,998 |
|
| Issued in reinvestment of distributions | 1,118,352 |
| 17,356,824 |
| 584,736 |
| 8,765,198 |
|
| Redeemed | (3,672,521 | ) | (57,739,283 | ) | (4,217,689 | ) | (64,009,875 | ) |
| | 5,576,130 |
| 88,179,123 |
| 4,488,525 |
| 67,738,321 |
|
| A Class | | | | |
| Sold | 4,588,699 |
| 72,106,662 |
| 9,699,553 |
| 146,439,953 |
|
| Issued in reinvestment of distributions | 1,122,939 |
| 17,416,778 |
| 724,693 |
| 10,855,896 |
|
| Redeemed | (4,816,173 | ) | (75,575,201 | ) | (7,722,319 | ) | (116,439,152 | ) |
| | 895,465 |
| 13,948,239 |
| 2,701,927 |
| 40,856,697 |
|
| C Class | | | | |
| Sold | 102,115 |
| 1,616,825 |
| 82,321 |
| 1,235,451 |
|
| Issued in reinvestment of distributions | 12,574 |
| 195,398 |
| 5,614 |
| 84,263 |
|
| Redeemed | (46,478 | ) | (728,165 | ) | (39,674 | ) | (599,902 | ) |
| | 68,211 |
| 1,084,058 |
| 48,261 |
| 719,812 |
|
| R Class | | | | |
| Sold | 2,094,298 |
| 32,869,384 |
| 4,642,119 |
| 69,941,532 |
|
| Issued in reinvestment of distributions | 482,651 |
| 7,490,741 |
| 271,934 |
| 4,076,289 |
|
| Redeemed | (1,702,374 | ) | (26,736,117 | ) | (3,007,224 | ) | (45,329,594 | ) |
| | 874,575 |
| 13,624,008 |
| 1,906,829 |
| 28,688,227 |
|
| Net increase (decrease) | 11,534,734 |
| $ | 180,734,387 |
| 18,146,082 |
| $ | 273,030,474 |
|
|
| | | | | | | | | | |
| | Six months ended
January 31, 2015 | Year ended
July 31, 2014 |
| | Shares | Amount | Shares | Amount |
| One Choice 2040 Portfolio | | | | |
| Investor Class | | | | |
| Sold | 3,568,975 |
| $ | 45,990,049 |
| 16,128,053 |
| $ | 199,593,668 |
|
| Issued in reinvestment of distributions | 1,435,725 |
| 18,449,064 |
| 822,511 |
| 10,141,566 |
|
| Redeemed | (2,018,346 | ) | (26,245,758 | ) | (6,192,967 | ) | (77,605,817 | ) |
| | 2,986,354 |
| 38,193,355 |
| 10,757,597 |
| 132,129,417 |
|
| Institutional Class | | | | |
| Sold | 7,852,467 |
| 102,810,982 |
| 8,529,888 |
| 106,206,558 |
|
| Issued in reinvestment of distributions | 1,109,702 |
| 14,259,665 |
| 503,626 |
| 6,209,714 |
|
| Redeemed | (2,158,822 | ) | (27,935,017 | ) | (3,291,797 | ) | (40,954,069 | ) |
| | 6,803,347 |
| 89,135,630 |
| 5,741,717 |
| 71,462,203 |
|
| A Class | | | | |
| Sold | 2,800,462 |
| 36,283,471 |
| 6,395,153 |
| 79,076,614 |
|
| Issued in reinvestment of distributions | 746,460 |
| 9,592,013 |
| 428,583 |
| 5,284,424 |
|
| Redeemed | (2,739,629 | ) | (35,437,352 | ) | (3,704,038 | ) | (46,020,542 | ) |
| | 807,293 |
| 10,438,132 |
| 3,119,698 |
| 38,340,496 |
|
| C Class | | | | |
| Sold | 34,706 |
| 449,858 |
| 104,517 |
| 1,268,123 |
|
| Issued in reinvestment of distributions | 8,582 |
| 110,451 |
| 4,337 |
| 53,557 |
|
| Redeemed | (15,419 | ) | (199,551 | ) | (52,725 | ) | (657,995 | ) |
| | 27,869 |
| 360,758 |
| 56,129 |
| 663,685 |
|
| R Class | | | | |
| Sold | 1,974,306 |
| 25,625,399 |
| 3,939,129 |
| 49,045,510 |
|
| Issued in reinvestment of distributions | 323,310 |
| 4,154,537 |
| 143,522 |
| 1,769,619 |
|
| Redeemed | (1,001,505 | ) | (12,944,994 | ) | (2,164,678 | ) | (26,709,963 | ) |
| | 1,296,111 |
| 16,834,942 |
| 1,917,973 |
| 24,105,166 |
|
| Net increase (decrease) | 11,920,974 |
| $ | 154,962,817 |
| 21,593,114 |
| $ | 266,700,967 |
|
|
| | | | | | | | | | |
| | Six months ended
January 31, 2015 | Year ended
July 31, 2014 |
| | Shares | Amount | Shares | Amount |
| One Choice 2045 Portfolio | | | | |
| Investor Class | | | | |
| Sold | 4,220,372 |
| $ | 68,736,602 |
| 12,757,406 |
| $ | 199,150,063 |
|
| Issued in reinvestment of distributions | 1,632,508 |
| 26,413,979 |
| 920,996 |
| 14,293,859 |
|
| Redeemed | (2,574,498 | ) | (42,159,983 | ) | (5,199,876 | ) | (81,631,937 | ) |
| | 3,278,382 |
| 52,990,598 |
| 8,478,526 |
| 131,811,985 |
|
| Institutional Class | | | | |
| Sold | 5,202,638 |
| 85,952,456 |
| 6,832,555 |
| 107,208,682 |
|
| Issued in reinvestment of distributions | 956,596 |
| 15,487,287 |
| 493,000 |
| 7,651,352 |
|
| Redeemed | (2,805,189 | ) | (45,904,434 | ) | (3,130,252 | ) | (49,271,979 | ) |
| | 3,354,045 |
| 55,535,309 |
| 4,195,303 |
| 65,588,055 |
|
| A Class | | | | |
| Sold | 2,894,919 |
| 47,347,424 |
| 6,789,524 |
| 106,051,418 |
|
| Issued in reinvestment of distributions | 757,645 |
| 12,258,689 |
| 477,700 |
| 7,409,128 |
|
| Redeemed | (3,478,231 | ) | (56,788,538 | ) | (5,261,700 | ) | (82,176,375 | ) |
| | 174,333 |
| 2,817,575 |
| 2,005,524 |
| 31,284,171 |
|
| C Class | | | | |
| Sold | 21,884 |
| 358,146 |
| 54,678 |
| 854,187 |
|
| Issued in reinvestment of distributions | 4,657 |
| 75,539 |
| 2,058 |
| 31,996 |
|
| Redeemed | (23,030 | ) | (380,968 | ) | (15,472 | ) | (239,838 | ) |
| | 3,511 |
| 52,717 |
| 41,264 |
| 646,345 |
|
| R Class | | | | |
| Sold | 1,484,668 |
| 24,277,733 |
| 3,021,482 |
| 47,239,450 |
|
| Issued in reinvestment of distributions | 324,338 |
| 5,251,030 |
| 175,396 |
| 2,722,141 |
|
| Redeemed | (1,129,595 | ) | (18,461,792 | ) | (2,106,163 | ) | (32,686,563 | ) |
| | 679,411 |
| 11,066,971 |
| 1,090,715 |
| 17,275,028 |
|
| Net increase (decrease) | 7,489,682 |
| $ | 122,463,170 |
| 15,811,332 |
| $ | 246,605,584 |
|
|
| | | | | | | | | | |
| | Six months ended
January 31, 2015 | Year ended
July 31, 2014 |
| | Shares | Amount | Shares | Amount |
| One Choice 2050 Portfolio | | | | |
| Investor Class | | | | |
| Sold | 2,863,079 |
| $ | 36,732,121 |
| 9,404,702 |
| $ | 116,239,147 |
|
| Issued in reinvestment of distributions | 787,594 |
| 10,144,207 |
| 420,182 |
| 5,164,040 |
|
| Redeemed | (1,631,805 | ) | (21,175,533 | ) | (2,943,037 | ) | (36,769,630 | ) |
| | 2,018,868 |
| 25,700,795 |
| 6,881,847 |
| 84,633,557 |
|
| Institutional Class | | | | |
| Sold | 5,239,808 |
| 68,954,353 |
| 4,866,275 |
| 60,431,530 |
|
| Issued in reinvestment of distributions | 639,417 |
| 8,242,081 |
| 288,019 |
| 3,542,636 |
|
| Redeemed | (1,740,287 | ) | (22,613,303 | ) | (2,710,942 | ) | (33,404,590 | ) |
| | 4,138,938 |
| 54,583,131 |
| 2,443,352 |
| 30,569,576 |
|
| A Class | | | | |
| Sold | 2,083,888 |
| 27,001,546 |
| 4,631,989 |
| 57,192,282 |
|
| Issued in reinvestment of distributions | 437,491 |
| 5,634,876 |
| 240,168 |
| 2,951,668 |
|
| Redeemed | (1,866,857 | ) | (24,170,319 | ) | (2,347,231 | ) | (29,010,901 | ) |
| | 654,522 |
| 8,466,103 |
| 2,524,926 |
| 31,133,049 |
|
| C Class | | | | |
| Sold | 34,866 |
| 450,345 |
| 62,496 |
| 752,682 |
|
| Issued in reinvestment of distributions | 5,594 |
| 72,280 |
| 3,754 |
| 46,249 |
|
| Redeemed | (17,296 | ) | (224,618 | ) | (60,393 | ) | (743,139 | ) |
| | 23,164 |
| 298,007 |
| 5,857 |
| 55,792 |
|
| R Class | | | | |
| Sold | 1,025,769 |
| 13,284,047 |
| 2,018,802 |
| 24,925,113 |
|
| Issued in reinvestment of distributions | 159,263 |
| 2,052,906 |
| 79,614 |
| 978,460 |
|
| Redeemed | (516,566 | ) | (6,697,278 | ) | (1,171,991 | ) | (14,413,170 | ) |
| | 668,466 |
| 8,639,675 |
| 926,425 |
| 11,490,403 |
|
| Net increase (decrease) | 7,503,958 |
| $ | 97,687,711 |
| 12,782,407 |
| $ | 157,882,377 |
|
|
| | | | | | | | | | |
| | Six months ended
January 31, 2015 | Year ended
July 31, 2014 |
| | Shares | Amount | Shares | Amount |
| One Choice 2055 Portfolio | | | | |
| Investor Class | | | | |
| Sold | 1,328,098 |
| $ | 17,830,002 |
| 2,022,537 |
| $ | 25,759,894 |
|
| Issued in reinvestment of distributions | 119,545 |
| 1,600,701 |
| 50,208 |
| 634,132 |
|
| Redeemed | (310,804 | ) | (4,152,762 | ) | (793,062 | ) | (10,112,243 | ) |
| | 1,136,839 |
| 15,277,941 |
| 1,279,683 |
| 16,281,783 |
|
| Institutional Class | | | | |
| Sold | 1,709,569 |
| 23,073,909 |
| 2,980,841 |
| 38,058,501 |
|
| Issued in reinvestment of distributions | 153,125 |
| 2,050,344 |
| 43,142 |
| 544,884 |
|
| Redeemed | (736,409 | ) | (9,844,729 | ) | (671,823 | ) | (8,635,793 | ) |
| | 1,126,285 |
| 15,279,524 |
| 2,352,160 |
| 29,967,592 |
|
| A Class | | | | |
| Sold | 1,048,574 |
| 14,017,014 |
| 1,570,011 |
| 19,921,268 |
|
| Issued in reinvestment of distributions | 93,074 |
| 1,245,329 |
| 38,909 |
| 491,428 |
|
| Redeemed | (555,144 | ) | (7,412,099 | ) | (377,223 | ) | (4,797,626 | ) |
| | 586,504 |
| 7,850,244 |
| 1,231,697 |
| 15,615,070 |
|
| C Class | | | | |
| Sold | 6,981 |
| 92,950 |
| 18,650 |
| 236,856 |
|
| Issued in reinvestment of distributions | 869 |
| 11,640 |
| 376 |
| 4,744 |
|
| Redeemed | (5,391 | ) | (72,737 | ) | (4,431 | ) | (56,507 | ) |
| | 2,459 |
| 31,853 |
| 14,595 |
| 185,093 |
|
| R Class | | | | |
| Sold | 518,785 |
| 6,955,346 |
| 732,757 |
| 9,301,944 |
|
| Issued in reinvestment of distributions | 41,365 |
| 554,281 |
| 16,044 |
| 202,791 |
|
| Redeemed | (205,873 | ) | (2,733,143 | ) | (269,107 | ) | (3,429,582 | ) |
| | 354,277 |
| 4,776,484 |
| 479,694 |
| 6,075,153 |
|
| Net increase (decrease) | 3,206,364 |
| $ | 43,216,046 |
| 5,357,829 |
| $ | 68,124,691 |
|
6. Affiliated Fund Transactions
A summary of transactions for each underlying fund for the six months ended January 31, 2015 follows:
|
| | | | | | | | | | | | | | | | | | |
Fund/Underlying Fund(1) | Beginning
Value | Purchase
Cost | Sales Cost | Realized
Gain (Loss) | Distributions Received(2) | Ending Value |
| One Choice In Retirement Portfolio | | | | |
| NT Core Equity Plus Fund | $ | 18,748,506 |
| $ | 3,917,293 |
| $ | 508,814 |
| $ | 21,630 |
| $ | 2,246,776 |
| $ | 20,576,299 |
|
| NT Equity Growth Fund | 61,996,124 |
| 15,061,686 |
| 3,035,219 |
| 51,194 |
| 6,875,958 |
| 69,333,771 |
|
| NT Growth Fund | 40,407,511 |
| 11,013,177 |
| 2,225,394 |
| 64,377 |
| 6,382,966 |
| 45,208,712 |
|
| NT Heritage Fund | 15,558,098 |
| 2,071,303 |
| 441,739 |
| 1,655 |
| 776,222 |
| 17,534,507 |
|
| NT Large Company Value Fund | 68,182,408 |
| 17,366,740 |
| 4,670,362 |
| (7,384 | ) | 5,932,416 |
| 76,280,172 |
|
| NT Mid Cap Value Fund | 24,995,101 |
| 4,529,099 |
| 365,162 |
| 155 |
| 2,890,587 |
| 27,665,252 |
|
| NT Small Company Fund | 12,384,609 |
| 2,660,549 |
| 86,780 |
| (3,731 | ) | 1,658,801 |
| 13,846,996 |
|
| Real Estate Fund | 6,333,427 |
| 479,116 |
| 467,836 |
| 33,270 |
| 98,989 |
| 7,421,486 |
|
| High-Yield Fund | 24,038,749 |
| 3,934,389 |
| 112,854 |
| (1,617 | ) | 932,022 |
| 26,737,383 |
|
| Inflation-Adjusted Bond Fund | 9,514,071 |
| 1,186,194 |
| 70,146 |
| 516 |
| 80,193 |
| 10,633,134 |
|
| NT Diversified Bond Fund | 168,937,152 |
| 22,258,773 |
| 6,750,515 |
| (105,054 | ) | 3,008,797 |
| 189,226,410 |
|
| Short Duration Inflation Protection Bond Fund | 38,843,486 |
| 5,317,977 |
| 221,039 |
| (1,584 | ) | 399,910 |
| 42,979,467 |
|
| Premium Money Market Fund | 63,596,470 |
| 7,008,255 |
| 217,216 |
| — |
| 3,351 |
| 70,387,509 |
|
| International Bond Fund | 44,288,846 |
| 10,315,550 |
| 291,659 |
| (9,062 | ) | 1,147,583 |
| 49,359,225 |
|
| NT International Growth Fund | 31,157,092 |
| 7,322,378 |
| 642,643 |
| (25,540 | ) | 1,343,287 |
| 35,474,030 |
|
| | $ | 628,981,650 |
| $ | 114,442,479 |
| $ | 20,107,378 |
| $ | 18,825 |
| $ | 33,777,858 |
| $ | 702,664,353 |
|
| |
| (1) | Underlying fund investments represent Institutional Class, except Premium Money Market Fund Investor Class. |
| |
| (2) | Distributions received includes distributions from net investment income and from capital gains, if any. |
|
| | | | | | | | | | | | | | | | | | |
Fund/Underlying Fund(1) | Beginning
Value | Purchase
Cost | Sales Cost | Realized
Gain (Loss) | Distributions Received(2) | Ending Value |
| One Choice 2015 Portfolio | | | | |
| NT Emerging Markets Fund | $ | 1,715,137 |
| — |
| $ | 802,968 |
| $ | 887,564 |
| — |
| — |
|
| NT Core Equity Plus Fund | 37,890,953 |
| $ | 4,476,694 |
| 1,643,858 |
| 702,772 |
| $ | 4,225,545 |
| $ | 37,205,212 |
|
| NT Equity Growth Fund | 126,044,031 |
| 19,585,237 |
| 10,080,461 |
| 3,666,557 |
| 12,955,732 |
| 123,596,887 |
|
| NT Growth Fund | 83,436,708 |
| 12,842,898 |
| 5,236,767 |
| 2,672,162 |
| 11,968,519 |
| 81,282,825 |
|
| NT Heritage Fund | 33,170,019 |
| 1,617,994 |
| 2,640,889 |
| 1,342,465 |
| 1,451,985 |
| 31,607,108 |
|
| NT Large Company Value Fund | 138,445,986 |
| 25,092,698 |
| 13,033,733 |
| 6,535,467 |
| 11,133,690 |
| 135,943,591 |
|
| NT Mid Cap Value Fund | 52,347,142 |
| 5,922,472 |
| 3,425,913 |
| 2,096,184 |
| 5,448,558 |
| 50,154,841 |
|
| NT Small Company Fund | 25,081,867 |
| 3,411,824 |
| 815,896 |
| 489,997 |
| 3,121,766 |
| 25,127,195 |
|
| Real Estate Fund | 13,106,890 |
| 192,275 |
| 948,519 |
| 1,660,990 |
| 192,275 |
| 12,807,645 |
|
| High-Yield Fund | 47,971,835 |
| 3,640,475 |
| 929,057 |
| 145,819 |
| 1,784,109 |
| 48,399,764 |
|
| Inflation-Adjusted Bond Fund | 21,286,754 |
| 150,805 |
| 1,659,007 |
| 227,415 |
| 150,805 |
| 19,506,368 |
|
| NT Diversified Bond Fund | 340,511,788 |
| 21,292,781 |
| 31,562,947 |
| 956,743 |
| 5,702,164 |
| 337,940,734 |
|
| Short Duration Inflation Protection Bond Fund | 75,595,100 |
| 4,564,417 |
| 529,125 |
| 899 |
| 748,993 |
| 77,789,669 |
|
| Premium Money Market Fund | 125,381,873 |
| 4,902,317 |
| 3,657,304 |
| — |
| 6,349 |
| 126,626,886 |
|
| International Bond Fund | 88,064,271 |
| 9,296,948 |
| 726,129 |
| (1,423 | ) | 2,178,320 |
| 87,231,931 |
|
| NT International Growth Fund | 63,301,099 |
| 5,786,539 |
| 1,326,812 |
| 639,604 |
| 2,515,318 |
| 62,603,976 |
|
| | $ | 1,273,351,453 |
| $ | 122,776,374 |
| $ | 79,019,385 |
| $ | 22,023,215 |
| $ | 63,584,128 |
| $ | 1,257,824,632 |
|
| |
| (1) | Underlying fund investments represent Institutional Class, except Premium Money Market Fund Investor Class. |
| |
| (2) | Distributions received includes distributions from net investment income and from capital gains, if any. |
|
| | | | | | | | | | | | | | | | | | |
Fund/Underlying Fund(1) | Beginning
Value | Purchase
Cost | Sales Cost | Realized
Gain (Loss) | Distributions Received(2) | Ending Value |
| One Choice 2020 Portfolio | | | | |
| NT Core Equity Plus Fund | $ | 40,177,487 |
| $ | 7,510,297 |
| $ | 682,294 |
| $ | 29,072 |
| $ | 4,760,203 |
| $ | 43,661,411 |
|
| NT Equity Growth Fund | 128,117,838 |
| 27,464,824 |
| 3,421,871 |
| 9,751 |
| 14,223,731 |
| 142,506,934 |
|
| NT Growth Fund | 105,009,877 |
| 25,304,625 |
| 5,495,233 |
| 304,552 |
| 16,156,718 |
| 114,659,268 |
|
| NT Heritage Fund | 48,498,511 |
| 5,666,365 |
| 3,188,656 |
| 118,279 |
| 2,315,379 |
| 51,963,830 |
|
| NT Large Company Value Fund | 149,517,346 |
| 34,702,216 |
| 9,428,802 |
| 118,753 |
| 12,832,672 |
| 164,871,644 |
|
| NT Mid Cap Value Fund | 65,528,416 |
| 10,838,552 |
| 2,451,360 |
| 190,960 |
| 7,251,435 |
| 70,128,389 |
|
| NT Small Company Fund | 26,466,705 |
| 5,460,108 |
| — |
| — |
| 3,498,685 |
| 29,579,590 |
|
| Real Estate Fund | 17,329,947 |
| 942,417 |
| 2,183,469 |
| 379,310 |
| 264,240 |
| 18,669,755 |
|
| High-Yield Fund | 49,149,604 |
| 8,667,563 |
| 139,428 |
| (1,779 | ) | 1,921,027 |
| 55,402,203 |
|
| Inflation-Adjusted Bond Fund | 40,427,949 |
| 2,940,880 |
| 282,306 |
| (3,949 | ) | 323,658 |
| 43,078,883 |
|
| NT Diversified Bond Fund | 345,201,698 |
| 43,889,640 |
| 16,273,342 |
| (337,865 | ) | 6,110,845 |
| 382,663,463 |
|
| Short Duration Inflation Protection Bond Fund | 58,114,015 |
| 9,970,024 |
| — |
| — |
| 627,075 |
| 66,597,347 |
|
| Premium Money Market Fund | 98,236,472 |
| 13,644,249 |
| — |
| — |
| 5,265 |
| 111,880,721 |
|
| NT Emerging Markets Fund | 15,298,669 |
| 1,397,528 |
| 1,250,429 |
| 118,851 |
| — |
| 14,646,808 |
|
| NT International Growth Fund | 78,592,061 |
| 15,819,683 |
| 3,895,805 |
| (128,123 | ) | 3,283,408 |
| 84,864,082 |
|
| International Bond Fund | 79,380,924 |
| 19,349,397 |
| 62,341 |
| (4,693 | ) | 2,094,370 |
| 89,696,878 |
|
| | $ | 1,345,047,519 |
| $ | 233,568,368 |
| $ | 48,755,336 |
| $ | 793,119 |
| $ | 75,668,711 |
| $ | 1,484,871,206 |
|
| |
| (1) | Underlying fund investments represent Institutional Class, except Premium Money Market Fund Investor Class. |
| |
| (2) | Distributions received includes distributions from net investment income and from capital gains, if any. |
|
| | | | | | | | | | | | | | | | | | |
Fund/Underlying Fund(1) | Beginning
Value | Purchase
Cost | Sales Cost | Realized
Gain (Loss) | Distributions Received(2) | Ending Value |
| One Choice 2025 Portfolio | | | | |
| NT Core Equity Plus Fund | $ | 64,788,224 |
| $ | 9,830,303 |
| $ | 1,302,338 |
| $ | 150,663 |
| $ | 7,555,370 |
| $ | 67,935,233 |
|
| NT Equity Growth Fund | 198,686,047 |
| 36,641,390 |
| 8,740,756 |
| 276,160 |
| 21,404,957 |
| 212,001,636 |
|
| NT Growth Fund | 193,046,477 |
| 39,613,726 |
| 10,529,903 |
| 1,735,344 |
| 28,904,854 |
| 203,008,488 |
|
| NT Heritage Fund | 96,791,367 |
| 9,223,990 |
| 2,677,435 |
| 38,909 |
| 4,712,466 |
| 105,396,752 |
|
| NT Large Company Value Fund | 243,996,009 |
| 46,994,791 |
| 16,140,505 |
| 576,944 |
| 20,453,660 |
| 258,805,859 |
|
| NT Mid Cap Value Fund | 118,876,688 |
| 17,011,790 |
| 1,807,607 |
| 68,301 |
| 13,376,088 |
| 127,175,021 |
|
| NT Small Company Fund | 50,761,373 |
| 7,056,012 |
| 1,909,565 |
| 70,617 |
| 6,276,001 |
| 51,663,265 |
|
| Real Estate Fund | 33,383,373 |
| 964,900 |
| 2,950,931 |
| 536,779 |
| 505,120 |
| 36,484,503 |
|
| High-Yield Fund | 74,501,593 |
| 11,819,537 |
| 717,067 |
| (15,698 | ) | 2,875,296 |
| 82,176,432 |
|
| Inflation-Adjusted Bond Fund | 89,337,982 |
| 6,886,236 |
| 372,714 |
| (18,210 | ) | 730,357 |
| 95,846,867 |
|
| NT Diversified Bond Fund | 530,428,369 |
| 57,227,688 |
| 19,971,762 |
| (475,486 | ) | 9,339,290 |
| 582,608,442 |
|
| Short Duration Inflation Protection Bond Fund | 60,015,491 |
| 10,536,447 |
| — |
| — |
| 649,524 |
| 69,012,960 |
|
| NT Emerging Markets Fund | 48,717,391 |
| 6,814,111 |
| 797,680 |
| 73,358 |
| — |
| 52,281,675 |
|
| NT International Growth Fund | 147,439,152 |
| 25,928,642 |
| 3,229,871 |
| (67,899 | ) | 6,106,240 |
| 159,332,042 |
|
| International Bond Fund | 102,694,541 |
| 26,799,603 |
| 293,451 |
| (6,544 | ) | 2,714,019 |
| 117,533,138 |
|
| Premium Money Market Fund | 108,837,240 |
| 8,495,967 |
| 256,414 |
| — |
| 5,630 |
| 117,076,793 |
|
| | $ | 2,162,301,317 |
| $ | 321,845,133 |
| $ | 71,697,999 |
| $ | 2,943,238 |
| $ | 125,608,872 |
| $ | 2,338,339,106 |
|
| |
| (1) | Underlying fund investments represent Institutional Class, except Premium Money Market Fund Investor Class. |
| |
| (2) | Distributions received includes distributions from net investment income and from capital gains, if any. |
|
| | | | | | | | | | | | | | | | | | |
Fund/Underlying Fund(1) | Beginning
Value | Purchase
Cost | Sales Cost | Realized
Gain (Loss) | Distributions Received(2) | Ending Value |
| One Choice 2030 Portfolio | | | | |
| NT Core Equity Plus Fund | $ | 42,740,078 |
| $ | 8,476,437 |
| $ | 632,415 |
| $ | 2,176 |
| $ | 5,120,225 |
| $ | 46,971,719 |
|
| NT Equity Growth Fund | 121,713,108 |
| 25,915,557 |
| 3,384,482 |
| (74,305 | ) | 13,413,954 |
| 135,124,752 |
|
| NT Growth Fund | 141,632,611 |
| 33,483,007 |
| 6,577,737 |
| 353,882 |
| 21,826,739 |
| 154,790,577 |
|
| NT Heritage Fund | 65,961,559 |
| 8,575,181 |
| 1,470,841 |
| (73,978 | ) | 3,287,868 |
| 74,521,841 |
|
| NT Large Company Value Fund | 156,423,602 |
| 34,702,061 |
| 8,476,779 |
| 114,731 |
| 13,348,273 |
| 172,254,250 |
|
| NT Mid Cap Value Fund | 69,560,002 |
| 12,616,555 |
| 1,154,856 |
| 10,806 |
| 7,981,614 |
| 76,876,642 |
|
| NT Small Company Fund | 44,093,587 |
| 8,523,518 |
| 984,422 |
| (15,085 | ) | 5,705,132 |
| 47,839,751 |
|
| Real Estate Fund | 23,797,679 |
| 1,290,006 |
| 1,968,547 |
| 249,763 |
| 365,803 |
| 26,970,154 |
|
| High-Yield Fund | 41,126,774 |
| 8,304,281 |
| 468,545 |
| (6,973 | ) | 1,607,259 |
| 47,034,409 |
|
| Inflation-Adjusted Bond Fund | 66,134,501 |
| 7,922,346 |
| 1,084,488 |
| (116,388 | ) | 550,021 |
| 73,131,879 |
|
| NT Diversified Bond Fund | 293,062,384 |
| 45,583,923 |
| 14,050,736 |
| (346,621 | ) | 5,236,647 |
| 333,109,894 |
|
| Short Duration Inflation Protection Bond Fund | 17,700,128 |
| 4,155,937 |
| 17,818 |
| (119 | ) | 200,065 |
| 21,371,521 |
|
| NT Emerging Markets Fund | 36,675,822 |
| 6,557,912 |
| 911,697 |
| 42,622 |
| — |
| 40,457,093 |
|
| NT International Growth Fund | 110,306,314 |
| 24,482,726 |
| 3,891,264 |
| (117,240 | ) | 4,685,139 |
| 122,733,560 |
|
| Premium Money Market Fund | 67,117,954 |
| 8,057,400 |
| 711,818 |
| — |
| 3,500 |
| 74,463,536 |
|
| International Bond Fund | 29,946,471 |
| 10,900,373 |
| 191,076 |
| (4,800 | ) | 820,724 |
| 37,145,076 |
|
| | $ | 1,327,992,574 |
| $ | 249,547,220 |
| $ | 45,977,521 |
| $ | 18,471 |
| $ | 84,152,963 |
| $ | 1,484,796,654 |
|
| |
| (1) | Underlying fund investments represent Institutional Class, except Premium Money Market Fund Investor Class. |
| |
| (2) | Distributions received includes distributions from net investment income and from capital gains, if any. |
|
| | | | | | | | | | | | | | | | | | |
Fund/Underlying Fund(1) | Beginning
Value | Purchase
Cost | Sales Cost | Realized
Gain (Loss) | Distributions Received(2) | Ending Value |
| One Choice 2035 Portfolio | | | | |
| NT Core Equity Plus Fund | $ | 54,745,212 |
| $ | 8,533,241 |
| $ | 663,650 |
| $ | 1,604 |
| $ | 6,426,849 |
| $ | 58,098,773 |
|
| NT Equity Growth Fund | 157,669,676 |
| 26,714,834 |
| 5,489,149 |
| 227,671 |
| 16,814,441 |
| 167,314,342 |
|
| NT Growth Fund | 212,029,145 |
| 45,023,443 |
| 8,069,659 |
| 497,095 |
| 32,527,457 |
| 228,550,745 |
|
| NT Heritage Fund | 90,400,282 |
| 7,549,241 |
| 2,937,577 |
| 64,217 |
| 4,312,541 |
| 96,905,256 |
|
| NT Large Company Value Fund | 211,996,402 |
| 40,305,353 |
| 11,188,159 |
| 199,501 |
| 17,850,205 |
| 227,144,407 |
|
| NT Mid Cap Value Fund | 90,912,502 |
| 11,960,871 |
| 2,384,068 |
| 203,403 |
| 10,029,304 |
| 95,177,917 |
|
| NT Small Company Fund | 70,704,075 |
| 15,346,870 |
| 2,244,350 |
| 37,233 |
| 9,312,575 |
| 77,556,327 |
|
| Real Estate Fund | 34,358,220 |
| 1,623,359 |
| 2,873,426 |
| 383,609 |
| 526,435 |
| 38,596,708 |
|
| High-Yield Fund | 46,363,256 |
| 8,238,639 |
| 606,642 |
| (15,643 | ) | 1,792,005 |
| 51,848,073 |
|
| Inflation-Adjusted Bond Fund | 92,478,146 |
| 10,743,027 |
| 2,219,874 |
| (230,587 | ) | 765,988 |
| 101,271,038 |
|
| NT Diversified Bond Fund | 329,838,678 |
| 45,177,690 |
| 16,875,742 |
| (338,065 | ) | 5,857,146 |
| 367,545,251 |
|
| Short Duration Inflation Protection Bond Fund | 1,250,774 |
| 2,392,302 |
| — |
| — |
| 34,382 |
| 3,577,627 |
|
| NT Emerging Markets Fund | 56,940,822 |
| 7,289,806 |
| 2,159,531 |
| 78,367 |
| — |
| 59,218,919 |
|
| NT International Growth Fund | 159,954,360 |
| 30,606,009 |
| 3,823,825 |
| (113,271 | ) | 6,747,574 |
| 174,809,908 |
|
| Premium Money Market Fund | 81,257,635 |
| 12,459,621 |
| 1,283,147 |
| — |
| 4,325 |
| 92,434,109 |
|
| | $ | 1,690,899,185 |
| $ | 273,964,306 |
| $ | 62,818,799 |
| $ | 995,134 |
| $ | 113,001,227 |
| $ | 1,840,049,400 |
|
| |
| (1) | Underlying fund investments represent Institutional Class, except Premium Money Market Fund Investor Class. |
| |
| (2) | Distributions received includes distributions from net investment income and from capital gains, if any. |
|
| | | | | | | | | | | | | | | | | | |
Fund/Underlying Fund(1) | Beginning
Value | Purchase
Cost | Sales Cost | Realized
Gain (Loss) | Distributions Received(2) | Ending Value |
| One Choice 2040 Portfolio | | | | |
| NT Core Equity Plus Fund | $ | 33,643,317 |
| $ | 6,831,624 |
| $ | 6,539 |
| $ | (42 | ) | $ | 4,133,621 |
| $ | 37,508,851 |
|
| NT Equity Growth Fund | 97,204,560 |
| 19,825,723 |
| 778,427 |
| (1,338 | ) | 10,843,497 |
| 108,789,735 |
|
| NT Growth Fund | 130,636,594 |
| 32,537,462 |
| 2,373,093 |
| 23,244 |
| 20,978,989 |
| 147,772,272 |
|
| NT Heritage Fund | 61,209,041 |
| 7,414,223 |
| 928,053 |
| (30,213 | ) | 3,065,528 |
| 69,070,326 |
|
| NT Large Company Value Fund | 130,440,902 |
| 30,080,555 |
| 4,539,250 |
| (135,968 | ) | 11,490,744 |
| 147,176,305 |
|
| NT Mid Cap Value Fund | 61,554,660 |
| 10,273,096 |
| 281,384 |
| (954 | ) | 7,123,671 |
| 67,818,095 |
|
| NT Small Company Fund | 39,601,289 |
| 9,623,257 |
| 178,564 |
| (8,602 | ) | 5,431,127 |
| 45,351,865 |
|
| Real Estate Fund | 22,064,852 |
| 1,473,862 |
| 1,043,716 |
| 106,226 |
| 350,137 |
| 26,307,394 |
|
| High-Yield Fund | 22,787,989 |
| 4,893,367 |
| — |
| — |
| 909,976 |
| 26,567,634 |
|
| Inflation-Adjusted Bond Fund | 45,977,800 |
| 8,140,956 |
| 376,698 |
| (40,727 | ) | 407,321 |
| 53,821,585 |
|
| NT Diversified Bond Fund | 161,778,774 |
| 33,480,876 |
| 10,269,651 |
| (205,279 | ) | 2,987,940 |
| 189,827,484 |
|
| NT Emerging Markets Fund | 40,912,527 |
| 8,039,724 |
| 348,672 |
| 6,654 |
| — |
| 46,453,000 |
|
| NT International Growth Fund | 94,874,313 |
| 21,743,946 |
| 1,143,511 |
| (41,367 | ) | 4,129,367 |
| 108,146,187 |
|
| Premium Money Market Fund | 21,824,390 |
| 5,692,194 |
| — |
| — |
| 1,243 |
| 27,516,584 |
|
| | $ | 964,511,008 |
| $ | 200,050,865 |
| $ | 22,267,558 |
| $ | (328,366 | ) | $ | 71,853,161 |
| $ | 1,102,127,317 |
|
| |
| (1) | Underlying fund investments represent Institutional Class, except Premium Money Market Fund Investor Class. |
| |
| (2) | Distributions received includes distributions from net investment income and from capital gains, if any. |
|
| | | | | | | | | | | | | | | | | | |
Fund/Underlying Fund(1) | Beginning
Value | Purchase
Cost | Sales Cost | Realized
Gain (Loss) | Distributions Received(2) | Ending Value |
| One Choice 2045 Portfolio | | | | |
| NT Core Equity Plus Fund | $ | 52,748,164 |
| $ | 7,505,815 |
| $ | 1,643,976 |
| $ | 167,716 |
| $ | 6,044,058 |
| $ | 54,264,035 |
|
| NT Equity Growth Fund | 123,952,889 |
| 19,677,801 |
| 2,580,184 |
| 23,713 |
| 13,385,021 |
| 131,889,046 |
|
| NT Growth Fund | 174,316,985 |
| 36,533,406 |
| 5,569,658 |
| 41,372 |
| 27,148,960 |
| 188,369,714 |
|
| NT Heritage Fund | 87,164,243 |
| 7,922,084 |
| 2,125,907 |
| (90,524 | ) | 4,269,138 |
| 94,961,979 |
|
| NT Large Company Value Fund | 174,412,519 |
| 34,096,066 |
| 9,826,082 |
| (129,981 | ) | 14,875,010 |
| 187,229,825 |
|
| NT Mid Cap Value Fund | 87,664,011 |
| 12,694,574 |
| 1,596,548 |
| 14,693 |
| 9,949,897 |
| 93,556,860 |
|
| NT Small Company Fund | 47,776,691 |
| 9,539,992 |
| 1,404,767 |
| (3,570 | ) | 6,303,286 |
| 51,666,069 |
|
| Real Estate Fund | 30,575,161 |
| 2,073,559 |
| 3,339,706 |
| 356,491 |
| 472,202 |
| 34,193,245 |
|
| High-Yield Fund | 24,118,993 |
| 3,602,184 |
| 355,170 |
| (12,414 | ) | 923,627 |
| 26,248,232 |
|
| Inflation-Adjusted Bond Fund | 48,498,016 |
| 6,088,240 |
| 1,218,168 |
| (125,639 | ) | 409,940 |
| 53,492,049 |
|
| NT Diversified Bond Fund | 170,288,678 |
| 25,493,991 |
| 13,373,973 |
| (198,858 | ) | 3,008,843 |
| 187,233,442 |
|
| NT Emerging Markets Fund | 63,250,343 |
| 10,816,644 |
| 1,992,735 |
| 23,911 |
| — |
| 68,825,415 |
|
| NT International Growth Fund | 123,813,510 |
| 22,582,788 |
| 2,181,217 |
| (74,387 | ) | 5,196,004 |
| 134,909,571 |
|
| | $ | 1,208,580,203 |
| $ | 198,627,144 |
| $ | 47,208,091 |
| $ | (7,477 | ) | $ | 91,985,986 |
| $ | 1,306,839,482 |
|
| |
| (1) | Underlying fund investments represent Institutional Class. |
| |
| (2) | Distributions received includes distributions from net investment income and from capital gains, if any. |
|
| | | | | | | | | | | | | | | | | | |
Fund/Underlying Fund(1) | Beginning
Value | Purchase
Cost | Sales Cost | Realized
Gain (Loss) | Distributions Received(2) | Ending Value |
| One Choice 2050 Portfolio | | | | |
| NT Core Equity Plus Fund | $ | 23,798,903 |
| $ | 6,103,500 |
| $ | 351,601 |
| $ | (10,035 | ) | $ | 2,994,541 |
| $ | 27,397,474 |
|
| NT Equity Growth Fund | 54,182,084 |
| 14,344,794 |
| 1,209,736 |
| (51,118 | ) | 6,254,151 |
| 62,979,026 |
|
| NT Growth Fund | 78,113,200 |
| 22,969,016 |
| 2,157,826 |
| (123,168 | ) | 12,899,629 |
| 90,915,473 |
|
| NT Heritage Fund | 38,453,694 |
| 6,678,208 |
| 646,111 |
| (35,682 | ) | 2,006,036 |
| 45,335,401 |
|
| NT Large Company Value Fund | 79,436,310 |
| 21,277,232 |
| 2,754,650 |
| (108,414 | ) | 7,173,771 |
| 92,335,762 |
|
| NT Mid Cap Value Fund | 38,676,937 |
| 8,949,133 |
| 653,670 |
| (16,797 | ) | 4,649,764 |
| 44,474,501 |
|
| NT Small Company Fund | 24,383,176 |
| 6,042,248 |
| 388,604 |
| (26,191 | ) | 3,323,414 |
| 27,789,500 |
|
| Real Estate Fund | 14,865,267 |
| 1,352,650 |
| 1,605,430 |
| 234,609 |
| 239,804 |
| 17,053,589 |
|
| High-Yield Fund | 9,279,822 |
| 2,115,935 |
| 51,858 |
| (1,702 | ) | 373,594 |
| 10,883,353 |
|
| Inflation-Adjusted Bond Fund | 18,644,842 |
| 3,662,131 |
| 167,618 |
| (17,540 | ) | 167,170 |
| 22,177,159 |
|
| NT Diversified Bond Fund | 66,515,538 |
| 14,745,226 |
| 4,025,702 |
| (71,073 | ) | 1,241,985 |
| 79,237,772 |
|
| NT Emerging Markets Fund | 32,593,074 |
| 7,408,654 |
| 1,444,072 |
| (20,155 | ) | — |
| 36,882,768 |
|
| NT International Growth Fund | 52,976,278 |
| 14,726,183 |
| 1,005,693 |
| (37,180 | ) | 2,378,633 |
| 62,489,122 |
|
| | $ | 531,919,125 |
| $ | 130,374,910 |
| $ | 16,462,571 |
| $ | (284,446 | ) | $ | 43,702,492 |
| $ | 619,950,900 |
|
| |
| (1) | Underlying fund investments represent Institutional Class. |
| |
| (2) | Distributions received includes distributions from net investment income and from capital gains, if any. |
|
| | | | | | | | | | | | | | | | | | |
Fund/ Underlying Fund(1) | Beginning
Value | Purchase
Cost | Sales Cost | Realized
Gain (Loss) | Distributions Received(2) | Ending Value |
| One Choice 2055 Portfolio | | | | |
| NT Core Equity Plus Fund | $ | 5,506,746 |
| $ | 2,575,655 |
| $ | 188,450 |
| $ | (2,018 | ) | $ | 743,178 |
| $ | 7,332,787 |
|
| NT Equity Growth Fund | 13,144,513 |
| 6,137,505 |
| 486,997 |
| (4,280 | ) | 1,629,825 |
| 17,591,213 |
|
| NT Growth Fund | 18,642,499 |
| 9,285,903 |
| 722,775 |
| (13,757 | ) | 3,372,023 |
| 25,008,630 |
|
| NT Heritage Fund | 9,191,468 |
| 3,316,522 |
| 338,158 |
| (17,651 | ) | 521,877 |
| 12,368,959 |
|
| NT Large Company Value Fund | 18,944,338 |
| 8,780,065 |
| 800,145 |
| (9,833 | ) | 1,838,051 |
| 25,378,760 |
|
| NT Mid Cap Value Fund | 9,212,874 |
| 4,053,671 |
| 320,150 |
| (1,465 | ) | 1,190,919 |
| 12,274,184 |
|
| NT Small Company Fund | 6,080,855 |
| 2,961,462 |
| 265,963 |
| (7,608 | ) | 912,486 |
| 8,138,223 |
|
| Real Estate Fund | 3,680,880 |
| 992,138 |
| 464,890 |
| 7,113 |
| 64,318 |
| 4,922,234 |
|
| NT Emerging Markets Fund | 7,955,213 |
| 3,609,975 |
| 573,114 |
| (15,512 | ) | — |
| 10,567,188 |
|
| NT International Growth Fund | 11,659,646 |
| 5,566,867 |
| 602,672 |
| (30,953 | ) | 567,792 |
| 15,660,889 |
|
| High-Yield Fund | 1,856,771 |
| 796,625 |
| 54,416 |
| (892 | ) | 79,556 |
| 2,502,027 |
|
| Inflation-Adjusted Bond Fund | 3,738,921 |
| 1,454,383 |
| 185,251 |
| (17,538 | ) | 36,612 |
| 5,041,967 |
|
| NT Diversified Bond Fund | 13,103,228 |
| 5,257,567 |
| 1,210,880 |
| (13,474 | ) | 258,202 |
| 17,580,075 |
|
| | $ | 122,717,952 |
| $ | 54,788,338 |
| $ | 6,213,861 |
| $ | (127,868 | ) | $ | 11,214,839 |
| $ | 164,367,136 |
|
| |
| (1) | Underlying fund investments represent Institutional Class. |
| |
| (2) | Distributions received includes distributions from net investment income and from capital gains, if any. |
7. Investments in Underlying Funds
The funds do not invest in the underlying funds for the purpose of exercising management or control; however, investments by the funds within their investment strategies may represent a significant portion of the underlying funds’ net assets.
As of January 31, 2015, the funds, in aggregate, owned 96% of the shares of the underlying NT Core Equity Plus Fund, NT Diversified Bond Fund, NT Emerging Markets Fund, NT Equity Growth Fund, NT Growth Fund, NT Heritage Fund, NT International Growth Fund, NT Large Company Value Fund, NT Mid Cap Value Fund and NT Small Company Fund.
8. Fair Value Measurements
The funds’ investments valuation process is based on several considerations and may use multiple inputs to determine the fair value of the investments held by the funds. 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. There were no significant transfers between levels during the period.
As of period end, the funds’ investment securities were classified as Level 1. The Schedules of Investments provide additional information on the funds’ portfolio holdings.
9. Federal Tax Information
The book-basis character of distributions made during the year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. These differences reflect the differing character of certain income items and net realized gains and losses for financial statement and tax purposes, and may result in reclassification among certain capital accounts on the financial statements.
As of January 31, 2015, the components of investments for federal income tax purposes were as follows:
|
| | | | | | | | | | | | | | | |
| | One Choice In Retirement Portfolio | One Choice 2015 Portfolio | One Choice 2020 Portfolio | One Choice 2025 Portfolio | One Choice 2030 Portfolio |
| Federal tax cost of investments | $ | 633,960,996 |
| $ | 1,110,332,535 |
| $ | 1,349,319,567 |
| $ | 2,053,758,128 |
| $ | 1,343,487,843 |
|
| Gross tax appreciation of investments | $ | 74,213,337 |
| $ | 157,929,201 |
| $ | 145,981,869 |
| $ | 298,554,892 |
| $ | 146,527,634 |
|
| Gross tax depreciation of investments | (5,509,980 | ) | (10,437,104 | ) | (10,430,230 | ) | (13,973,914 | ) | (5,218,823 | ) |
| Net tax appreciation (depreciation) of investments | $ | 68,703,357 |
| $ | 147,492,097 |
| $ | 135,551,639 |
| $ | 284,580,978 |
| $ | 141,308,811 |
|
|
| | | | | | | | | | | | | | | |
| | One Choice 2035 Portfolio | One Choice 2040 Portfolio | One Choice 2045 Portfolio | One Choice 2050 Portfolio | One Choice 2055 Portfolio |
| Federal tax cost of investments | $ | 1,607,531,464 |
| $ | 1,000,349,515 |
| $ | 1,149,958,058 |
| $ | 571,445,956 |
| $ | 161,948,270 |
|
| Gross tax appreciation of investments | $ | 234,452,937 |
| $ | 103,910,316 |
| $ | 158,533,210 |
| $ | 49,523,067 |
| $ | 3,460,530 |
|
| Gross tax depreciation of investments | (1,935,001 | ) | (2,132,514 | ) | (1,651,786 | ) | (1,018,123 | ) | (1,041,664 | ) |
| Net tax appreciation (depreciation) of investments | $ | 232,517,936 |
| $ | 101,777,802 |
| $ | 156,881,424 |
| $ | 48,504,944 |
| $ | 2,418,866 |
|
The difference between book-basis and tax-basis unrealized appreciation (depreciation) is attributable primarily to the tax deferral of losses on wash sales.
10. Subsequent Event
On December 9, 2014, the Board of Directors approved an agreement and plan of reorganization (the reorganization), whereby the net assets of One Choice 2015 Portfolio will be transferred to One Choice In Retirement Portfolio in exchange for shares of One Choice In Retirement Portfolio. The financial statements and performance history of One Choice In Retirement Portfolio will survive after the reorganization. The reorganization is expected to be effective at the close of the NYSE on March 27, 2015.
|
| | | | | | | | | | | | | | | |
| For a Share Outstanding Throughout the Years Ended July 31 (except as noted) | | | | | |
| Per-Share Data | | | Ratios and Supplemental Data |
| | | Income From Investment Operations: | Distributions From: | | | Ratio to Average Net Assets of: | | |
| | Net Asset Value, Beginning of Period | Net Investment Income (Loss)(1) | Net Realized and Unrealized Gain (Loss) | Total From Investment Operations | Net Investment Income | Net Realized Gains | Total Distributions | Net Asset Value, End of Period | Total Return(2) | Operating Expenses(3) | Net Investment Income (Loss) | Portfolio Turnover Rate | Net Assets, End of Period (in thousands) |
| One Choice In Retirement Portfolio | | | | | | | | | |
| Investor Class | | | | | | | | | | | |
2015(4) | $13.02 | 0.23 | 0.02 | 0.25 | (0.22) | (0.16) | (0.38) | $12.89 | 1.94% | 0.20%(5) | 3.50%(5) | 3% |
| $282,036 |
|
| 2014 | $12.41 | 0.27 | 0.73 | 1.00 | (0.27) | (0.12) | (0.39) | $13.02 | 8.19% | 0.20% | 2.09% | 16% |
| $255,133 |
|
| 2013 | $11.61 | 0.22 | 0.94 | 1.16 | (0.23) | (0.13) | (0.36) | $12.41 | 10.11% | 0.20% | 1.83% | 11% |
| $205,529 |
|
| 2012 | $11.23 | 0.25 | 0.39 | 0.64 | (0.26) | — | (0.26) | $11.61 | 5.81% | 0.21% | 2.21% | 28% |
| $128,450 |
|
| 2011 | $10.27 | 0.24 | 0.97 | 1.21 | (0.25) | — | (0.25) | $11.23 | 11.87% | 0.21% | 2.26% | 10% |
| $81,907 |
|
| 2010 | $9.53 | 0.22 | 0.74 | 0.96 | (0.22) | — | (0.22) | $10.27 | 10.15% | 0.21% | 2.19% | 13% |
| $102,497 |
|
| Institutional Class | | | | | | | | | |
2015(4) | $13.03 | 0.25 | 0.02 | 0.27 | (0.24) | (0.16) | (0.40) | $12.90 | 2.05% | 0.00%(5)(6) | 3.70%(5) | 3% |
| $155,238 |
|
| 2014 | $12.42 | 0.29 | 0.73 | 1.02 | (0.29) | (0.12) | (0.41) | $13.03 | 8.40% | 0.00%(6) | 2.29% | 16% |
| $130,406 |
|
| 2013 | $11.61 | 0.25 | 0.94 | 1.19 | (0.25) | (0.13) | (0.38) | $12.42 | 10.42% | 0.00%(6) | 2.03% | 11% |
| $104,270 |
|
| 2012 | $11.24 | 0.27 | 0.38 | 0.65 | (0.28) | — | (0.28) | $11.61 | 5.92% | 0.01% | 2.41% | 28% |
| $74,759 |
|
| 2011 | $10.27 | 0.28 | 0.96 | 1.24 | (0.27) | — | (0.27) | $11.24 | 12.20% | 0.01% | 2.46% | 10% |
| $104,778 |
|
| 2010 | $9.53 | 0.24 | 0.74 | 0.98 | (0.24) | — | (0.24) | $10.27 | 10.37% | 0.01% | 2.39% | 13% |
| $39,202 |
|
|
| | | | | | | | | | | | | | | |
| For a Share Outstanding Throughout the Years Ended July 31 (except as noted) | | | | | |
| Per-Share Data | | | Ratios and Supplemental Data |
| | | Income From Investment Operations: | Distributions From: | | | Ratio to Average Net Assets of: | | |
| | Net Asset Value, Beginning of Period | Net Investment Income (Loss)(1) | Net Realized and Unrealized Gain (Loss) | Total From Investment Operations | Net Investment Income | Net Realized Gains | Total Distributions | Net Asset Value, End of Period | Total Return(2) | Operating Expenses(3) | Net Investment Income (Loss) | Portfolio Turnover Rate | Net Assets, End of Period (in thousands) |
A Class(7) | | | | | | | | | | | | | |
2015(4) | $13.02 | 0.21 | 0.02 | 0.23 | (0.20) | (0.16) | (0.36) | $12.89 | 1.80% | 0.45%(5) | 3.25%(5) | 3% |
| $143,044 |
|
| 2014 | $12.41 | 0.24 | 0.73 | 0.97 | (0.24) | (0.12) | (0.36) | $13.02 | 7.92% | 0.45% | 1.84% | 16% |
| $139,911 |
|
| 2013 | $11.60 | 0.19 | 0.95 | 1.14 | (0.20) | (0.13) | (0.33) | $12.41 | 9.94% | 0.45% | 1.58% | 11% |
| $119,504 |
|
| 2012 | $11.23 | 0.23 | 0.37 | 0.60 | (0.23) | — | (0.23) | $11.60 | 5.46% | 0.46% | 1.96% | 28% |
| $105,111 |
|
| 2011 | $10.27 | 0.22 | 0.96 | 1.18 | (0.22) | — | (0.22) | $11.23 | 11.60% | 0.46% | 2.01% | 10% |
| $87,205 |
|
| 2010 | $9.53 | 0.19 | 0.75 | 0.94 | (0.20) | — | (0.20) | $10.27 | 9.87% | 0.46% | 1.94% | 13% |
| $68,110 |
|
| C Class | | | | | | | | | | | | | |
2015(4) | $13.00 | 0.16 | 0.02 | 0.18 | (0.15) | (0.16) | (0.31) | $12.87 | 1.39% | 1.20%(5) | 2.50%(5) | 3% |
| $2,490 |
|
| 2014 | $12.41 | 0.14 | 0.73 | 0.87 | (0.16) | (0.12) | (0.28) | $13.00 | 7.13% | 1.20% | 1.09% | 16% |
| $2,574 |
|
| 2013 | $11.61 | 0.10 | 0.94 | 1.04 | (0.11) | (0.13) | (0.24) | $12.41 | 9.04% | 1.20% | 0.83% | 11% |
| $1,369 |
|
| 2012 | $11.24 | 0.14 | 0.38 | 0.52 | (0.15) | — | (0.15) | $11.61 | 4.69% | 1.21% | 1.21% | 28% |
| $810 |
|
| 2011 | $10.27 | 0.09 | 1.02 | 1.11 | (0.14) | — | (0.14) | $11.24 | 10.87% | 1.21% | 1.26% | 10% |
| $538 |
|
2010(8) | $10.15 | 0.03 | 0.12 | 0.15 | (0.03) | — | (0.03) | $10.27 | 1.51% | 1.21%(5) | 0.77%(5) | 13%(9) |
| $35 |
|
| R Class | | | | | | | | | | | | | |
2015(4) | $13.00 | 0.20 | 0.03 | 0.23 | (0.19) | (0.16) | (0.35) | $12.88 | 1.74% | 0.70%(5) | 3.00%(5) | 3% |
| $119,864 |
|
| 2014 | $12.40 | 0.20 | 0.72 | 0.92 | (0.20) | (0.12) | (0.32) | $13.00 | 7.57% | 0.70% | 1.59% | 16% |
| $100,946 |
|
| 2013 | $11.59 | 0.16 | 0.95 | 1.11 | (0.17) | (0.13) | (0.30) | $12.40 | 9.67% | 0.70% | 1.33% | 11% |
| $60,104 |
|
| 2012 | $11.22 | 0.18 | 0.39 | 0.57 | (0.20) | — | (0.20) | $11.59 | 5.20% | 0.71% | 1.71% | 28% |
| $38,365 |
|
| 2011 | $10.26 | 0.19 | 0.96 | 1.15 | (0.19) | — | (0.19) | $11.22 | 11.33% | 0.71% | 1.76% | 10% |
| $24,616 |
|
| 2010 | $9.52 | 0.16 | 0.75 | 0.91 | (0.17) | — | (0.17) | $10.26 | 9.61% | 0.71% | 1.69% | 13% |
| $12,527 |
|
|
|
| Notes to Financial Highlights |
| |
| (1) | Computed using average shares outstanding throughout the period. |
| |
| (2) | Total returns are calculated based on the net asset value of the last business day and do not reflect applicable sales charges, if any. Total returns for periods less than one year are not annualized. |
| |
| (3) | Ratio of operating expenses to average net assets does not include any fees and expenses of the underlying funds. |
| |
| (4) | Six months ended January 31, 2015 (unaudited). |
| |
| (6) | Ratio was less than 0.005%. |
| |
| (7) | Prior to March 1, 2010, the A Class was referred to as the Advisor Class. |
| |
| (8) | March 1, 2010 (commencement of sale) through July 31, 2010. |
| |
| (9) | Portfolio turnover is calculated at the fund level. Percentage indicated was calculated for the year ended July 31, 2010. |
See Notes to Financial Statements.
|
| | | | | | | | | | | | | | | |
| For a Share Outstanding Throughout the Years Ended July 31 (except as noted) | |
| Per-Share Data | | | Ratios and Supplemental Data |
| | | Income From Investment Operations: | Distributions From: | | | Ratio to Average Net Assets of: | | |
| | Net Asset Value, Beginning of Period | Net Investment Income (Loss)(1) | Net Realized and Unrealized Gain (Loss) | Total From Investment Operations | Net Investment Income | Net Realized Gains | Total Distributions | Net Asset Value, End of Period | Total Return(2) | Operating Expenses(3) | Net Investment Income (Loss) | Portfolio Turnover Rate | Net Assets, End of Period (in thousands) |
| One Choice 2015 Portfolio | | | | | | | | | | | |
| Investor Class | | | | | | | | | | | | | |
2015(4) | $13.81 | 0.24 | 0.04 | 0.28 | (0.29) | (0.31) | (0.60) | $13.49 | 1.98% | 0.20%(5) | 3.46%(5) | 8% |
| $563,103 |
|
| 2014 | $13.19 | 0.29 | 0.79 | 1.08 | (0.28) | (0.18) | (0.46) | $13.81 | 8.27% | 0.20% | 2.13% | 15% |
| $598,572 |
|
| 2013 | $12.26 | 0.24 | 1.04 | 1.28 | (0.25) | (0.10) | (0.35) | $13.19 | 10.61% | 0.20% | 1.85% | 6% |
| $543,673 |
|
| 2012 | $11.88 | 0.26 | 0.39 | 0.65 | (0.27) | — | (0.27) | $12.26 | 5.63% | 0.21% | 2.22% | 19% |
| $424,416 |
|
| 2011 | $10.76 | 0.25 | 1.11 | 1.36 | (0.24) | — | (0.24) | $11.88 | 12.72% | 0.21% | 2.21% | 4% |
| $322,747 |
|
| 2010 | $9.87 | 0.22 | 0.86 | 1.08 | (0.19) | — | (0.19) | $10.76 | 11.00% | 0.21% | 2.11% | 9% |
| $284,172 |
|
| Institutional Class | | | | | | | | | | |
2015(4) | $13.84 | 0.26 | 0.04 | 0.30 | (0.32) | (0.31) | (0.63) | $13.51 | 2.11% | 0.00%(5)(6) | 3.66%(5) | 8% |
| $266,433 |
|
| 2014 | $13.21 | 0.31 | 0.81 | 1.12 | (0.31) | (0.18) | (0.49) | $13.84 | 8.56% | 0.00%(6) | 2.33% | 15% |
| $233,983 |
|
| 2013 | $12.28 | 0.26 | 1.04 | 1.30 | (0.27) | (0.10) | (0.37) | $13.21 | 10.82% | 0.00%(6) | 2.05% | 6% |
| $182,995 |
|
| 2012 | $11.90 | 0.29 | 0.38 | 0.67 | (0.29) | — | (0.29) | $12.28 | 5.83% | 0.01% | 2.42% | 19% |
| $125,106 |
|
| 2011 | $10.78 | 0.29 | 1.09 | 1.38 | (0.26) | — | (0.26) | $11.90 | 12.92% | 0.01% | 2.41% | 4% |
| $175,214 |
|
| 2010 | $9.89 | 0.25 | 0.85 | 1.10 | (0.21) | — | (0.21) | $10.78 | 11.20% | 0.01% | 2.31% | 9% |
| $82,264 |
|
A Class(7) | | | | | | | | | | | | | |
2015(4) | $13.79 | 0.22 | 0.05 | 0.27 | (0.26) | (0.31) | (0.57) | $13.49 | 1.87% | 0.45%(5) | 3.21%(5) | 8% |
| $295,384 |
|
| 2014 | $13.17 | 0.26 | 0.78 | 1.04 | (0.24) | (0.18) | (0.42) | $13.79 | 8.01% | 0.45% | 1.88% | 15% |
| $308,075 |
|
| 2013 | $12.24 | 0.20 | 1.05 | 1.25 | (0.22) | (0.10) | (0.32) | $13.17 | 10.34% | 0.45% | 1.60% | 6% |
| $295,377 |
|
| 2012 | $11.87 | 0.23 | 0.38 | 0.61 | (0.24) | — | (0.24) | $12.24 | 5.28% | 0.46% | 1.97% | 19% |
| $242,298 |
|
| 2011 | $10.75 | 0.22 | 1.11 | 1.33 | (0.21) | — | (0.21) | $11.87 | 12.44% | 0.46% | 1.96% | 4% |
| $178,615 |
|
| 2010 | $9.86 | 0.19 | 0.86 | 1.05 | (0.16) | — | (0.16) | $10.75 | 10.73% | 0.46% | 1.86% | 9% |
| $115,945 |
|
|
| | | | | | | | | | | | | | | |
| For a Share Outstanding Throughout the Years Ended July 31 (except as noted) | |
| Per-Share Data | | | Ratios and Supplemental Data |
| | | Income From Investment Operations: | Distributions From: | | | Ratio to Average Net Assets of: | | |
| | Net Asset Value, Beginning of Period | Net Investment Income (Loss)(1) | Net Realized and Unrealized Gain (Loss) | Total From Investment Operations | Net Investment Income | Net Realized Gains | Total Distributions | Net Asset Value, End of Period | Total Return(2) | Operating Expenses(3) | Net Investment Income (Loss) | Portfolio Turnover Rate | Net Assets, End of Period (in thousands) |
| C Class | | | | | | | | | | | | | |
2015(4) | $13.76 | 0.17 | 0.04 | 0.21 | (0.15) | (0.31) | (0.46) | $13.51 | 1.46% | 1.20%(5) | 2.46%(5) | 8% |
| $5,265 |
|
| 2014 | $13.14 | 0.15 | 0.79 | 0.94 | (0.14) | (0.18) | (0.32) | $13.76 | 7.21% | 1.20% | 1.13% | 15% |
| $4,764 |
|
| 2013 | $12.21 | 0.11 | 1.04 | 1.15 | (0.12) | (0.10) | (0.22) | $13.14 | 9.53% | 1.20% | 0.85% | 6% |
| $4,003 |
|
| 2012 | $11.84 | 0.13 | 0.39 | 0.52 | (0.15) | — | (0.15) | $12.21 | 4.50% | 1.21% | 1.22% | 19% |
| $2,124 |
|
| 2011 | $10.72 | 0.12 | 1.12 | 1.24 | (0.12) | — | (0.12) | $11.84 | 11.62% | 1.21% | 1.21% | 4% |
| $934 |
|
2010(8) | $10.55 | 0.04 | 0.13 | 0.17 | — | — | — | $10.72 | 1.61% | 1.21%(5) | 0.83%(5) | 9%(9) |
| $182 |
|
| R Class | | | | | | | | | | | | | |
2015(4) | $13.78 | 0.21 | 0.03 | 0.24 | (0.22) | (0.31) | (0.53) | $13.49 | 1.68% | 0.70%(5) | 2.96%(5) | 8% |
| $127,650 |
|
| 2014 | $13.15 | 0.22 | 0.80 | 1.02 | (0.21) | (0.18) | (0.39) | $13.78 | 7.83% | 0.70% | 1.63% | 15% |
| $127,958 |
|
| 2013 | $12.22 | 0.17 | 1.04 | 1.21 | (0.18) | (0.10) | (0.28) | $13.15 | 10.08% | 0.70% | 1.35% | 6% |
| $114,413 |
|
| 2012 | $11.85 | 0.20 | 0.38 | 0.58 | (0.21) | — | (0.21) | $12.22 | 5.02% | 0.71% | 1.72% | 19% |
| $86,079 |
|
| 2011 | $10.73 | 0.20 | 1.10 | 1.30 | (0.18) | — | (0.18) | $11.85 | 12.18% | 0.71% | 1.71% | 4% |
| $58,006 |
|
| 2010 | $9.84 | 0.16 | 0.87 | 1.03 | (0.14) | — | (0.14) | $10.73 | 10.47% | 0.71% | 1.61% | 9% |
| $37,643 |
|
|
|
| Notes to Financial Highlights |
| |
| (1) | Computed using average shares outstanding throughout the period. |
| |
| (2) | Total returns are calculated based on the net asset value of the last business day and do not reflect applicable sales charges, if any. Total returns for periods less than one year are not annualized. |
| |
| (3) | Ratio of operating expenses to average net assets does not include any fees and expenses of the underlying funds. |
| |
| (4) | Six months ended January 31, 2015 (unaudited). |
| |
| (6) | Ratio was less than 0.005%. |
| |
| (7) | Prior to March 1, 2010, the A Class was referred to as the Advisor Class. |
| |
| (8) | March 1, 2010 (commencement of sale) through July 31, 2010. |
| |
| (9) | Portfolio turnover is calculated at the fund level. Percentage indicated was calculated for the year ended July 31, 2010. |
See Notes to Financial Statements.
|
| | | | | | | | | | | | | | | |
| For a Share Outstanding Throughout the Years Ended July 31 (except as noted) | |
| Per-Share Data | | | Ratios and Supplemental Data |
| | | Income From Investment Operations: | Distributions From: | | | Ratio to Average Net Assets of: | | |
| | Net Asset Value, Beginning of Period | Net Investment Income (Loss)(1) | Net Realized and Unrealized Gain (Loss) | Total From Investment Operations | Net Investment Income | Net Realized Gains | Total Distributions | Net Asset Value, End of Period | Total Return(2) | Operating Expenses(3) | Net Investment Income (Loss) | Portfolio Turnover Rate | Net Assets, End of Period (in thousands) |
| One Choice 2020 Portfolio | | | | | | | | | | |
| Investor Class | | | | | | | | | | | | | |
2015(4) | $12.26 | 0.22 | 0.05 | 0.27 | (0.27) | (0.19) | (0.46) | $12.07 | 2.19% | 0.20%(5) | 3.55%(5) | 4% |
| $574,858 |
|
| 2014 | $11.56 | 0.26 | 0.77 | 1.03 | (0.24) | (0.09) | (0.33) | $12.26 | 8.99% | 0.20% | 2.16% | 10% |
| $549,087 |
|
| 2013 | $10.64 | 0.20 | 1.02 | 1.22 | (0.20) | (0.10) | (0.30) | $11.56 | 11.67% | 0.20% | 1.79% | 6% |
| $384,010 |
|
| 2012 | $10.37 | 0.21 | 0.32 | 0.53 | (0.23) | (0.03) | (0.26) | $10.64 | 5.27% | 0.21% | 2.14% | 28% |
| $218,341 |
|
| 2011 | $9.30 | 0.20 | 1.06 | 1.26 | (0.19) | —(6) | (0.19) | $10.37 | 13.66% | 0.21% | 2.13% | 4% |
| $105,921 |
|
| 2010 | $8.47 | 0.19 | 0.80 | 0.99 | (0.15) | (0.01) | (0.16) | $9.30 | 11.69% | 0.21% | 1.99% | 8% |
| $127,604 |
|
| Institutional Class | | | | | | | | | | |
2015(4) | $12.27 | 0.24 | 0.04 | 0.28 | (0.30) | (0.19) | (0.49) | $12.06 | 2.23% | 0.00%(5)(7) | 3.75%(5) | 4% |
| $415,693 |
|
| 2014 | $11.57 | 0.28 | 0.77 | 1.05 | (0.26) | (0.09) | (0.35) | $12.27 | 9.20% | 0.00%(7) | 2.36% | 10% |
| $310,325 |
|
| 2013 | $10.65 | 0.22 | 1.02 | 1.24 | (0.22) | (0.10) | (0.32) | $11.57 | 11.89% | 0.00%(7) | 1.99% | 6% |
| $211,576 |
|
| 2012 | $10.38 | 0.25 | 0.30 | 0.55 | (0.25) | (0.03) | (0.28) | $10.65 | 5.48% | 0.01% | 2.34% | 28% |
| $99,935 |
|
| 2011 | $9.31 | 0.24 | 1.04 | 1.28 | (0.21) | —(6) | (0.21) | $10.38 | 13.88% | 0.01% | 2.33% | 4% |
| $169,034 |
|
| 2010 | $8.47 | 0.20 | 0.81 | 1.01 | (0.16) | (0.01) | (0.17) | $9.31 | 11.90% | 0.01% | 2.19% | 8% |
| $44,304 |
|
A Class(8) | | | | | | | | | | | | | |
2015(4) | $12.23 | 0.20 | 0.06 | 0.26 | (0.24) | (0.19) | (0.43) | $12.06 | 2.10% | 0.45%(5) | 3.30%(5) | 4% |
| $331,814 |
|
| 2014 | $11.54 | 0.23 | 0.76 | 0.99 | (0.21) | (0.09) | (0.30) | $12.23 | 8.64% | 0.45% | 1.91% | 10% |
| $334,141 |
|
| 2013 | $10.62 | 0.17 | 1.02 | 1.19 | (0.17) | (0.10) | (0.27) | $11.54 | 11.41% | 0.45% | 1.54% | 6% |
| $270,040 |
|
| 2012 | $10.36 | 0.20 | 0.29 | 0.49 | (0.20) | (0.03) | (0.23) | $10.62 | 4.92% | 0.46% | 1.89% | 28% |
| $180,502 |
|
| 2011 | $9.28 | 0.19 | 1.05 | 1.24 | (0.16) | —(6) | (0.16) | $10.36 | 13.51% | 0.46% | 1.88% | 4% |
| $124,401 |
|
| 2010 | $8.45 | 0.15 | 0.81 | 0.96 | (0.12) | (0.01) | (0.13) | $9.28 | 11.43% | 0.46% | 1.74% | 8% |
| $80,483 |
|
|
| | | | | | | | | | | | | | | |
| For a Share Outstanding Throughout the Years Ended July 31 (except as noted) | |
| Per-Share Data | | | Ratios and Supplemental Data |
| | | Income From Investment Operations: | Distributions From: | | | Ratio to Average Net Assets of: | | |
| | Net Asset Value, Beginning of Period | Net Investment Income (Loss)(1) | Net Realized and Unrealized Gain (Loss) | Total From Investment Operations | Net Investment Income | Net Realized Gains | Total Distributions | Net Asset Value, End of Period | Total Return(2) | Operating Expenses(3) | Net Investment Income (Loss) | Portfolio Turnover Rate | Net Assets, End of Period (in thousands) |
| C Class | | | | | | | | | | | | | |
2015(4) | $12.22 | 0.16 | 0.04 | 0.20 | (0.14) | (0.19) | (0.33) | $12.09 | 1.66% | 1.20%(5) | 2.55%(5) | 4% |
| $11,788 |
|
| 2014 | $11.52 | 0.14 | 0.77 | 0.91 | (0.12) | (0.09) | (0.21) | $12.22 | 7.91% | 1.20% | 1.16% | 10% |
| $10,743 |
|
| 2013 | $10.61 | 0.08 | 1.02 | 1.10 | (0.09) | (0.10) | (0.19) | $11.52 | 10.48% | 1.20% | 0.79% | 6% |
| $6,117 |
|
| 2012 | $10.34 | 0.10 | 0.32 | 0.42 | (0.12) | (0.03) | (0.15) | $10.61 | 4.23% | 1.21% | 1.14% | 28% |
| $2,304 |
|
| 2011 | $9.26 | 0.10 | 1.07 | 1.17 | (0.09) | —(6) | (0.09) | $10.34 | 12.68% | 1.21% | 1.13% | 4% |
| $578 |
|
2010(9) | $9.12 | 0.03 | 0.11 | 0.14 | — | — | — | $9.26 | 1.54% | 1.21%(5) | 0.67%(5) | 8%(10) |
| $103 |
|
| R Class | | | | | | | | | | | | | |
2015(4) | $12.22 | 0.19 | 0.05 | 0.24 | (0.21) | (0.19) | (0.40) | $12.06 | 1.93% | 0.70%(5) | 3.05%(5) | 4% |
| $150,730 |
|
| 2014 | $11.53 | 0.20 | 0.76 | 0.96 | (0.18) | (0.09) | (0.27) | $12.22 | 8.37% | 0.70% | 1.66% | 10% |
| $140,753 |
|
| 2013 | $10.61 | 0.14 | 1.03 | 1.17 | (0.15) | (0.10) | (0.25) | $11.53 | 11.14% | 0.70% | 1.29% | 6% |
| $102,250 |
|
| 2012 | $10.34 | 0.16 | 0.31 | 0.47 | (0.17) | (0.03) | (0.20) | $10.61 | 4.76% | 0.71% | 1.64% | 28% |
| $61,212 |
|
| 2011 | $9.27 | 0.16 | 1.05 | 1.21 | (0.14) | —(6) | (0.14) | $10.34 | 13.13% | 0.71% | 1.63% | 4% |
| $35,703 |
|
| 2010 | $8.44 | 0.13 | 0.81 | 0.94 | (0.10) | (0.01) | (0.11) | $9.27 | 11.17% | 0.71% | 1.49% | 8% |
| $14,928 |
|
|
|
| Notes to Financial Highlights |
| |
| (1) | Computed using average shares outstanding throughout the period. |
| |
| (2) | Total returns are calculated based on the net asset value of the last business day and do not reflect applicable sales charges, if any. Total returns for periods less than one year are not annualized. |
| |
| (3) | Ratio of operating expenses to average net assets does not include any fees and expenses of the underlying funds. |
| |
| (4) | Six months ended January 31, 2015 (unaudited). |
| |
| (6) | Per-share amount was less than $0.005. |
| |
| (7) | Ratio was less than 0.005%. |
| |
| (8) | Prior to March 1, 2010, the A Class was referred to as the Advisor Class. |
| |
| (9) | March 1, 2010 (commencement of sale) through July 31, 2010. |
| |
| (10) | Portfolio turnover is calculated at the fund level. Percentage indicated was calculated for the year ended July 31, 2010. |
See Notes to Financial Statements.
|
| | | | | | | | | | | | | | | |
| For a Share Outstanding Throughout the Years Ended July 31 (except as noted) | |
| Per-Share Data | | | Ratios and Supplemental Data |
| | | Income From Investment Operations: | Distributions From: | | | Ratio to Average Net Assets of: | | |
| | Net Asset Value, Beginning of Period | Net Investment Income (Loss)(1) | Net Realized and Unrealized Gain (Loss) | Total From Investment Operations | Net Investment Income | Net Realized Gains | Total Distributions | Net Asset Value, End of Period | Total Return(2) | Operating Expenses(3) | Net Investment Income (Loss) | Portfolio Turnover Rate | Net Assets, End of Period (in thousands) |
| One Choice 2025 Portfolio | | | | | | | | | | | |
| Investor Class | | | | | | | | | | | | | |
2015(4) | $14.57 | 0.26 | 0.09 | 0.35 | (0.33) | (0.29) | (0.62) | $14.30 | 2.33% | 0.20%(5) | 3.56%(5) | 3% |
| $1,045,803 |
|
| 2014 | $13.71 | 0.32 | 0.98 | 1.30 | (0.30) | (0.14) | (0.44) | $14.57 | 9.61% | 0.20% | 2.23% | 7% |
| $992,507 |
|
| 2013 | $12.46 | 0.23 | 1.35 | 1.58 | (0.24) | (0.09) | (0.33) | $13.71 | 12.88% | 0.20% | 1.79% | 3% |
| $807,998 |
|
| 2012 | $12.13 | 0.25 | 0.34 | 0.59 | (0.26) | — | (0.26) | $12.46 | 4.99% | 0.21% | 2.07% | 21% |
| $554,462 |
|
| 2011 | $10.78 | 0.23 | 1.34 | 1.57 | (0.22) | — | (0.22) | $12.13 | 14.60% | 0.21% | 1.98% | 3% |
| $425,965 |
|
| 2010 | $9.76 | 0.19 | 1.00 | 1.19 | (0.17) | — | (0.17) | $10.78 | 12.19% | 0.21% | 1.83% | 10% |
| $393,154 |
|
| Institutional Class | | | | | | | | | | |
2015(4) | $14.58 | 0.28 | 0.09 | 0.37 | (0.36) | (0.29) | (0.65) | $14.30 | 2.47% | 0.00%(5)(6) | 3.76%(5) | 3% |
| $526,765 |
|
| 2014 | $13.72 | 0.34 | 0.99 | 1.33 | (0.33) | (0.14) | (0.47) | $14.58 | 9.83% | 0.00%(6) | 2.43% | 7% |
| $424,420 |
|
| 2013 | $12.47 | 0.26 | 1.35 | 1.61 | (0.27) | (0.09) | (0.36) | $13.72 | 13.10% | 0.00%(6) | 1.99% | 3% |
| $298,052 |
|
| 2012 | $12.14 | 0.27 | 0.34 | 0.61 | (0.28) | — | (0.28) | $12.47 | 5.20% | 0.01% | 2.27% | 21% |
| $181,693 |
|
| 2011 | $10.79 | 0.27 | 1.32 | 1.59 | (0.24) | — | (0.24) | $12.14 | 14.82% | 0.01% | 2.18% | 3% |
| $257,121 |
|
| 2010 | $9.77 | 0.21 | 1.00 | 1.21 | (0.19) | — | (0.19) | $10.79 | 12.40% | 0.01% | 2.03% | 10% |
| $103,770 |
|
A Class(7) | | | | | | | | | | | | | |
2015(4) | $14.55 | 0.24 | 0.09 | 0.33 | (0.29) | (0.29) | (0.58) | $14.30 | 2.22% | 0.45%(5) | 3.31%(5) | 3% |
| $531,821 |
|
| 2014 | $13.69 | 0.29 | 0.98 | 1.27 | (0.27) | (0.14) | (0.41) | $14.55 | 9.35% | 0.45% | 1.98% | 7% |
| $528,142 |
|
| 2013 | $12.44 | 0.20 | 1.35 | 1.55 | (0.21) | (0.09) | (0.30) | $13.69 | 12.61% | 0.45% | 1.54% | 3% |
| $460,301 |
|
| 2012 | $12.11 | 0.22 | 0.34 | 0.56 | (0.23) | — | (0.23) | $12.44 | 4.73% | 0.46% | 1.82% | 21% |
| $327,130 |
|
| 2011 | $10.77 | 0.20 | 1.33 | 1.53 | (0.19) | — | (0.19) | $12.11 | 14.23% | 0.46% | 1.73% | 3% |
| $242,996 |
|
| 2010 | $9.74 | 0.16 | 1.01 | 1.17 | (0.14) | — | (0.14) | $10.77 | 12.03% | 0.46% | 1.58% | 10% |
| $143,045 |
|
|
| | | | | | | | | | | | | | | |
| For a Share Outstanding Throughout the Years Ended July 31 (except as noted) | |
| Per-Share Data | | | Ratios and Supplemental Data |
| | | Income From Investment Operations: | Distributions From: | | | Ratio to Average Net Assets of: | | |
| | Net Asset Value, Beginning of Period | Net Investment Income (Loss)(1) | Net Realized and Unrealized Gain (Loss) | Total From Investment Operations | Net Investment Income | Net Realized Gains | Total Distributions | Net Asset Value, End of Period | Total Return(2) | Operating Expenses(3) | Net Investment Income (Loss) | Portfolio Turnover Rate | Net Assets, End of Period (in thousands) |
| C Class | | | | | | | | | | | | | |
2015(4) | $14.52 | 0.19 | 0.08 | 0.27 | (0.17) | (0.29) | (0.46) | $14.33 | 1.86% | 1.20%(5) | 2.56%(5) | 3% |
| $7,791 |
|
| 2014 | $13.67 | 0.18 | 0.97 | 1.15 | (0.16) | (0.14) | (0.30) | $14.52 | 8.46% | 1.20% | 1.23% | 7% |
| $7,147 |
|
| 2013 | $12.41 | 0.10 | 1.36 | 1.46 | (0.11) | (0.09) | (0.20) | $13.67 | 11.86% | 1.20% | 0.79% | 3% |
| $6,179 |
|
| 2012 | $12.09 | 0.12 | 0.34 | 0.46 | (0.14) | — | (0.14) | $12.41 | 3.87% | 1.21% | 1.07% | 21% |
| $3,498 |
|
| 2011 | $10.74 | 0.11 | 1.34 | 1.45 | (0.10) | — | (0.10) | $12.09 | 13.50% | 1.21% | 0.98% | 3% |
| $1,595 |
|
2010(8) | $10.58 | 0.02 | 0.14 | 0.16 | — | — | — | $10.74 | 1.51% | 1.21%(5) | 0.43%(5) | 10%(9) |
| $373 |
|
| R Class | | | | | | | | | | | | | |
2015(4) | $14.52 | 0.22 | 0.10 | 0.32 | (0.25) | (0.29) | (0.54) | $14.30 | 2.17% | 0.70%(5) | 3.06%(5) | 3% |
| $226,180 |
|
| 2014 | $13.67 | 0.25 | 0.97 | 1.22 | (0.23) | (0.14) | (0.37) | $14.52 | 9.01% | 0.70% | 1.73% | 7% |
| $210,067 |
|
| 2013 | $12.42 | 0.17 | 1.35 | 1.52 | (0.18) | (0.09) | (0.27) | $13.67 | 12.34% | 0.70% | 1.29% | 3% |
| $172,227 |
|
| 2012 | $12.09 | 0.19 | 0.34 | 0.53 | (0.20) | — | (0.20) | $12.42 | 4.48% | 0.71% | 1.57% | 21% |
| $129,489 |
|
| 2011 | $10.75 | 0.17 | 1.33 | 1.50 | (0.16) | — | (0.16) | $12.09 | 13.97% | 0.71% | 1.48% | 3% |
| $88,153 |
|
| 2010 | $9.73 | 0.14 | 0.99 | 1.13 | (0.11) | — | (0.11) | $10.75 | 11.66% | 0.71% | 1.33% | 10% |
| $47,433 |
|
|
|
| Notes to Financial Highlights |
| |
| (1) | Computed using average shares outstanding throughout the period. |
| |
| (2) | Total returns are calculated based on the net asset value of the last business day and do not reflect applicable sales charges, if any. Total returns for periods less than one year are not annualized. |
| |
| (3) | Ratio of operating expenses to average net assets does not include any fees and expenses of the underlying funds. |
| |
| (4) | Six months ended January 31, 2015 (unaudited). |
| |
| (6) | Ratio was less than 0.005%. |
| |
| (7) | Prior to March 1, 2010, the A Class was referred to as the Advisor Class. |
| |
| (8) | March 1, 2010 (commencement of sale) through July 31, 2010. |
| |
| (9) | Portfolio turnover is calculated at the fund level. Percentage indicated was calculated for the year ended July 31, 2010. |
See Notes to Financial Statements.
|
| | | | | | | | | | | | | | | |
| For a Share Outstanding Throughout the Years Ended July 31 (except as noted) | |
| Per-Share Data | | | Ratios and Supplemental Data |
| | | Income From Investment Operations: | Distributions From: | | | Ratio to Average Net Assets of: | | |
| | Net Asset Value, Beginning of Period | Net Investment Income (Loss)(1) | Net Realized and Unrealized Gain (Loss) | Total From Investment Operations | Net Investment Income | Net Realized Gains | Total Distributions | Net Asset Value, End of Period | Total Return(2) | Operating Expenses(3) | Net Investment Income (Loss) | Portfolio Turnover Rate | Net Assets, End of Period (in thousands) |
| One Choice 2030 Portfolio | | | | | | | | | | |
| Investor Class | | | | | | | | | | | | | |
2015(4) | $12.44 | 0.22 | 0.12 | 0.34 | (0.27) | (0.26) | (0.53) | $12.25 | 2.67% | 0.20%(5) | 3.55%(5) | 3% |
| $550,601 |
|
| 2014 | $11.62 | 0.27 | 0.89 | 1.16 | (0.25) | (0.09) | (0.34) | $12.44 | 10.15% | 0.20% | 2.27% | 6% |
| $512,356 |
|
| 2013 | $10.41 | 0.18 | 1.30 | 1.48 | (0.18) | (0.09) | (0.27) | $11.62 | 14.53% | 0.21% | 1.66% | 5% |
| $333,309 |
|
| 2012 | $10.17 | 0.18 | 0.27 | 0.45 | (0.19) | (0.02) | (0.21) | $10.41 | 4.60% | 0.21% | 1.87% | 28% |
| $170,955 |
|
| 2011 | $8.95 | 0.16 | 1.21 | 1.37 | (0.15) | —(6) | (0.15) | $10.17 | 15.41% | 0.21% | 1.76% | 4% |
| $76,884 |
|
| 2010 | $8.04 | 0.14 | 0.89 | 1.03 | (0.11) | (0.01) | (0.12) | $8.95 | 12.90% | 0.21% | 1.63% | 7% |
| $99,983 |
|
| Institutional Class | | | | | | | | | | |
2015(4) | $12.44 | 0.24 | 0.12 | 0.36 | (0.30) | (0.26) | (0.56) | $12.24 | 2.79% | 0.00%(5)(7) | 3.75%(5) | 3% |
| $419,840 |
|
| 2014 | $11.62 | 0.30 | 0.89 | 1.19 | (0.28) | (0.09) | (0.37) | $12.44 | 10.37% | 0.00%(7) | 2.47% | 6% |
| $320,834 |
|
| 2013 | $10.42 | 0.21 | 1.28 | 1.49 | (0.20) | (0.09) | (0.29) | $11.62 | 14.76% | 0.01% | 1.86% | 5% |
| $202,598 |
|
| 2012 | $10.18 | 0.21 | 0.26 | 0.47 | (0.21) | (0.02) | (0.23) | $10.42 | 4.71% | 0.01% | 2.07% | 28% |
| $94,349 |
|
| 2011 | $8.95 | 0.20 | 1.20 | 1.40 | (0.17) | —(6) | (0.17) | $10.18 | 15.62% | 0.01% | 1.96% | 4% |
| $144,661 |
|
| 2010 | $8.05 | 0.16 | 0.88 | 1.04 | (0.13) | (0.01) | (0.14) | $8.95 | 13.11% | 0.01% | 1.83% | 7% |
| $33,647 |
|
A Class(8) | | | | | | | | | | | | | |
2015(4) | $12.41 | 0.20 | 0.12 | 0.32 | (0.24) | (0.26) | (0.50) | $12.23 | 2.49% | 0.45%(5) | 3.30%(5) | 3% |
| $353,834 |
|
| 2014 | $11.59 | 0.24 | 0.89 | 1.13 | (0.22) | (0.09) | (0.31) | $12.41 | 9.89% | 0.45% | 2.02% | 6% |
| $355,604 |
|
| 2013 | $10.38 | 0.16 | 1.30 | 1.46 | (0.16) | (0.09) | (0.25) | $11.59 | 14.28% | 0.46% | 1.41% | 5% |
| $264,393 |
|
| 2012 | $10.15 | 0.17 | 0.24 | 0.41 | (0.16) | (0.02) | (0.18) | $10.38 | 4.25% | 0.46% | 1.62% | 28% |
| $170,227 |
|
| 2011 | $8.93 | 0.15 | 1.20 | 1.35 | (0.13) | —(6) | (0.13) | $10.15 | 15.15% | 0.46% | 1.51% | 4% |
| $114,892 |
|
| 2010 | $8.03 | 0.12 | 0.88 | 1.00 | (0.09) | (0.01) | (0.10) | $8.93 | 12.51% | 0.46% | 1.38% | 7% |
| $71,159 |
|
|
| | | | | | | | | | | | | | | |
| For a Share Outstanding Throughout the Years Ended July 31 (except as noted) | |
| Per-Share Data | | | Ratios and Supplemental Data |
| | | Income From Investment Operations: | Distributions From: | | | Ratio to Average Net Assets of: | | |
| | Net Asset Value, Beginning of Period | Net Investment Income (Loss)(1) | Net Realized and Unrealized Gain (Loss) | Total From Investment Operations | Net Investment Income | Net Realized Gains | Total Distributions | Net Asset Value, End of Period | Total Return(2) | Operating Expenses(3) | Net Investment Income (Loss) | Portfolio Turnover Rate | Net Assets, End of Period (in thousands) |
| C Class | | | | | | | | | | | | | |
2015(4) | $12.39 | 0.16 | 0.11 | 0.27 | (0.14) | (0.26) | (0.40) | $12.26 | 2.13% | 1.20%(5) | 2.55%(5) | 3% |
| $4,968 |
|
| 2014 | $11.57 | 0.16 | 0.88 | 1.04 | (0.13) | (0.09) | (0.22) | $12.39 | 9.07% | 1.20% | 1.27% | 6% |
| $4,449 |
|
| 2013 | $10.37 | 0.07 | 1.29 | 1.36 | (0.07) | (0.09) | (0.16) | $11.57 | 13.32% | 1.21% | 0.66% | 5% |
| $3,417 |
|
| 2012 | $10.13 | 0.09 | 0.26 | 0.35 | (0.09) | (0.02) | (0.11) | $10.37 | 3.57% | 1.21% | 0.87% | 28% |
| $1,595 |
|
| 2011 | $8.92 | 0.06 | 1.20 | 1.26 | (0.05) | —(6) | (0.05) | $10.13 | 14.18% | 1.21% | 0.76% | 4% |
| $728 |
|
2010(9) | $8.80 | 0.02 | 0.10 | 0.12 | — | — | — | $8.92 | 1.36% | 1.21%(5) | 0.41%(5) | 7%(10) |
| $162 |
|
| R Class | | | | | | | | | | | | | |
2015(4) | $12.39 | 0.19 | 0.12 | 0.31 | (0.21) | (0.26) | (0.47) | $12.23 | 2.40% | 0.70%(5) | 3.05%(5) | 3% |
| $155,565 |
|
| 2014 | $11.58 | 0.22 | 0.87 | 1.09 | (0.19) | (0.09) | (0.28) | $12.39 | 9.53% | 0.70% | 1.77% | 6% |
| $134,751 |
|
| 2013 | $10.37 | 0.13 | 1.30 | 1.43 | (0.13) | (0.09) | (0.22) | $11.58 | 14.00% | 0.71% | 1.16% | 5% |
| $103,886 |
|
| 2012 | $10.14 | 0.13 | 0.26 | 0.39 | (0.14) | (0.02) | (0.16) | $10.37 | 3.99% | 0.71% | 1.37% | 28% |
| $69,278 |
|
| 2011 | $8.92 | 0.12 | 1.20 | 1.32 | (0.10) | —(6) | (0.10) | $10.14 | 14.88% | 0.71% | 1.26% | 4% |
| $35,411 |
|
| 2010 | $8.02 | 0.10 | 0.88 | 0.98 | (0.07) | (0.01) | (0.08) | $8.92 | 12.24% | 0.71% | 1.13% | 7% |
| $14,455 |
|
|
|
| Notes to Financial Highlights |
| |
| (1) | Computed using average shares outstanding throughout the period. |
| |
| (2) | Total returns are calculated based on the net asset value of the last business day and do not reflect applicable sales charges, if any. Total returns for periods less than one year are not annualized. |
| |
| (3) | Ratio of operating expenses to average net assets does not include any fees and expenses of the underlying funds. |
| |
| (4) | Six months ended January 31, 2015 (unaudited). |
| |
| (6) | Per-share amount was less than $0.005. |
| |
| (7) | Ratio was less than 0.005%. |
| |
| (8) | Prior to March 1, 2010, the A Class was referred to as the Advisor Class. |
| |
| (9) | March 1, 2010 (commencement of sale) through July 31, 2010. |
| |
| (10) | Portfolio turnover is calculated at the fund level. Percentage indicated was calculated for the year ended July 31, 2010. |
See Notes to Financial Statements.
|
| | | | | | | | | | | | | | | |
| For a Share Outstanding Throughout the Years Ended July 31 (except as noted) | |
| Per-Share Data | | | Ratios and Supplemental Data |
| | | Income From Investment Operations: | Distributions From: | | | Ratio to Average Net Assets of: | | |
| | Net Asset Value, Beginning of Period | Net Investment Income (Loss)(1) | Net Realized and Unrealized Gain (Loss) | Total From Investment Operations | Net Investment Income | Net Realized Gains | Total Distributions | Net Asset Value, End of Period | Total Return(2) | Operating Expenses(3) | Net Investment Income (Loss) | Portfolio Turnover Rate | Net Assets, End of Period (in thousands) |
| One Choice 2035 Portfolio | | | | | | | | | | | |
| Investor Class | | | | | | | | | | | | | |
2015(4) | $15.60 | 0.28 | 0.17 | 0.45 | (0.34) | (0.38) | (0.72) | $15.33 | 2.89% | 0.20%(5) | 3.55%(5) | 4% |
| $806,396 |
|
| 2014 | $14.52 | 0.35 | 1.22 | 1.57 | (0.34) | (0.15) | (0.49) | $15.60 | 10.91% | 0.20% | 2.32% | 5% |
| $755,938 |
|
| 2013 | $12.81 | 0.22 | 1.82 | 2.04 | (0.22) | (0.11) | (0.33) | $14.52 | 16.24% | 0.20% | 1.62% | 3% |
| $573,216 |
|
| 2012 | $12.52 | 0.22 | 0.30 | 0.52 | (0.23) | — | (0.23) | $12.81 | 4.26% | 0.21% | 1.82% | 16% |
| $374,544 |
|
| 2011 | $10.92 | 0.20 | 1.59 | 1.79 | (0.19) | — | (0.19) | $12.52 | 16.44% | 0.21% | 1.68% | 3% |
| $277,333 |
|
| 2010 | $9.74 | 0.17 | 1.15 | 1.32 | (0.14) | — | (0.14) | $10.92 | 13.58% | 0.21% | 1.54% | 8% |
| $231,716 |
|
| Institutional Class | | | | | | | | | | |
2015(4) | $15.62 | 0.30 | 0.19 | 0.49 | (0.38) | (0.38) | (0.76) | $15.35 | 3.10% | 0.00%(5)(6) | 3.75%(5) | 4% |
| $402,863 |
|
| 2014 | $14.55 | 0.38 | 1.21 | 1.59 | (0.37) | (0.15) | (0.52) | $15.62 | 11.04% | 0.00%(6) | 2.52% | 5% |
| $323,043 |
|
| 2013 | $12.83 | 0.25 | 1.83 | 2.08 | (0.25) | (0.11) | (0.36) | $14.55 | 16.54% | 0.00%(6) | 1.82% | 3% |
| $235,505 |
|
| 2012 | $12.54 | 0.25 | 0.29 | 0.54 | (0.25) | — | (0.25) | $12.83 | 4.46% | 0.01% | 2.02% | 16% |
| $138,143 |
|
| 2011 | $10.93 | 0.24 | 1.58 | 1.82 | (0.21) | — | (0.21) | $12.54 | 16.75% | 0.01% | 1.88% | 3% |
| $154,449 |
|
| 2010 | $9.76 | 0.19 | 1.14 | 1.33 | (0.16) | — | (0.16) | $10.93 | 13.68% | 0.01% | 1.74% | 8% |
| $66,385 |
|
A Class(7) | | | | | | | | | | | | | |
2015(4) | $15.58 | 0.26 | 0.17 | 0.43 | (0.30) | (0.38) | (0.68) | $15.33 | 2.76% | 0.45%(5) | 3.30%(5) | 4% |
| $432,293 |
|
| 2014 | $14.51 | 0.32 | 1.20 | 1.52 | (0.30) | (0.15) | (0.45) | $15.58 | 10.57% | 0.45% | 2.07% | 5% |
| $425,198 |
|
| 2013 | $12.79 | 0.19 | 1.83 | 2.02 | (0.19) | (0.11) | (0.30) | $14.51 | 16.05% | 0.45% | 1.37% | 3% |
| $356,751 |
|
| 2012 | $12.50 | 0.20 | 0.29 | 0.49 | (0.20) | — | (0.20) | $12.79 | 4.00% | 0.46% | 1.57% | 16% |
| $239,410 |
|
| 2011 | $10.90 | 0.17 | 1.59 | 1.76 | (0.16) | — | (0.16) | $12.50 | 16.17% | 0.46% | 1.43% | 3% |
| $174,230 |
|
| 2010 | $9.73 | 0.14 | 1.14 | 1.28 | (0.11) | — | (0.11) | $10.90 | 13.21% | 0.46% | 1.29% | 8% |
| $103,002 |
|
|
| | | | | | | | | | | | | | | |
| For a Share Outstanding Throughout the Years Ended July 31 (except as noted) | |
| Per-Share Data | | | Ratios and Supplemental Data |
| | | Income From Investment Operations: | Distributions From: | | | Ratio to Average Net Assets of: | | |
| | Net Asset Value, Beginning of Period | Net Investment Income (Loss)(1) | Net Realized and Unrealized Gain (Loss) | Total From Investment Operations | Net Investment Income | Net Realized Gains | Total Distributions | Net Asset Value, End of Period | Total Return(2) | Operating Expenses(3) | Net Investment Income (Loss) | Portfolio Turnover Rate | Net Assets, End of Period (in thousands) |
| C Class | | | | | | | | | | | | | |
2015(4) | $15.53 | 0.20 | 0.18 | 0.38 | (0.18) | (0.38) | (0.56) | $15.35 | 2.44% | 1.20%(5) | 2.55%(5) | 4% |
| $5,579 |
|
| 2014 | $14.46 | 0.19 | 1.21 | 1.40 | (0.18) | (0.15) | (0.33) | $15.53 | 9.76% | 1.20% | 1.32% | 5% |
| $4,586 |
|
| 2013 | $12.76 | 0.08 | 1.82 | 1.90 | (0.09) | (0.11) | (0.20) | $14.46 | 15.05% | 1.20% | 0.62% | 3% |
| $3,572 |
|
| 2012 | $12.46 | 0.09 | 0.32 | 0.41 | (0.11) | — | (0.11) | $12.76 | 3.31% | 1.21% | 0.82% | 16% |
| $1,396 |
|
| 2011 | $10.87 | 0.07 | 1.59 | 1.66 | (0.07) | — | (0.07) | $12.46 | 15.25% | 1.21% | 0.68% | 3% |
| $630 |
|
2010(8) | $10.74 | 0.01 | 0.12 | 0.13 | — | — | — | $10.87 | 1.21% | 1.21%(5) | 0.29%(5) | 8%(9) |
| $86 |
|
| R Class | | | | | | | | | | | | | |
2015(4) | $15.56 | 0.24 | 0.17 | 0.41 | (0.26) | (0.38) | (0.64) | $15.33 | 2.63% | 0.70%(5) | 3.05%(5) | 4% |
| $192,936 |
|
| 2014 | $14.49 | 0.27 | 1.21 | 1.48 | (0.26) | (0.15) | (0.41) | $15.56 | 10.30% | 0.70% | 1.82% | 5% |
| $182,137 |
|
| 2013 | $12.78 | 0.16 | 1.82 | 1.98 | (0.16) | (0.11) | (0.27) | $14.49 | 15.69% | 0.70% | 1.12% | 3% |
| $141,978 |
|
| 2012 | $12.48 | 0.16 | 0.31 | 0.47 | (0.17) | — | (0.17) | $12.78 | 3.83% | 0.71% | 1.32% | 16% |
| $101,164 |
|
| 2011 | $10.89 | 0.14 | 1.58 | 1.72 | (0.13) | — | (0.13) | $12.48 | 15.80% | 0.71% | 1.18% | 3% |
| $71,077 |
|
| 2010 | $9.72 | 0.11 | 1.15 | 1.26 | (0.09) | — | (0.09) | $10.89 | 12.93% | 0.71% | 1.04% | 8% |
| $35,276 |
|
|
|
| Notes to Financial Highlights |
| |
| (1) | Computed using average shares outstanding throughout the period. |
| |
| (2) | Total returns are calculated based on the net asset value of the last business day and do not reflect applicable sales charges, if any. Total returns for periods less than one year are not annualized. |
| |
| (3) | Ratio of operating expenses to average net assets does not include any fees and expenses of the underlying funds. |
| |
| (4) | Six months ended January 31, 2015 (unaudited). |
| |
| (6) | Ratio was less than 0.005%. |
| |
| (7) | Prior to March 1, 2010, the A Class was referred to as the Advisor Class. |
| |
| (8) | March 1, 2010 (commencement of sale) through July 31, 2010. |
| |
| (9) | Portfolio turnover is calculated at the fund level. Percentage indicated was calculated for the year ended July 31, 2010. |
See Notes to Financial Statements.
|
| | | | | | | | | | | | | | | |
| For a Share Outstanding Throughout the Years Ended July 31 (except as noted) | |
| Per-Share Data | | | Ratios and Supplemental Data |
| | | Income From Investment Operations: | Distributions From: | | | Ratio to Average Net Assets of: | | |
| | Net Asset Value, Beginning of Period | Net Investment Income (Loss)(1) | Net Realized and Unrealized Gain (Loss) | Total From Investment Operations | Net Investment Income | Net Realized Gains | Total Distributions | Net Asset Value, End of Period | Total Return(2) | Operating Expenses(3) | Net Investment Income (Loss) | Portfolio Turnover Rate | Net Assets, End of Period (in thousands) |
| One Choice 2040 Portfolio | | | | | | | | | | |
| Investor Class | | | | | | | | | | | | | |
2015(4) | $12.86 | 0.24 | 0.17 | 0.41 | (0.29) | (0.30) | (0.59) | $12.68 | 3.10% | 0.20%(5) | 3.72%(5) | 2% |
| $424,457 |
|
| 2014 | $11.87 | 0.30 | 1.07 | 1.37 | (0.28) | (0.10) | (0.38) | $12.86 | 11.63% | 0.20% | 2.38% | 4% |
| $392,199 |
|
| 2013 | $10.31 | 0.18 | 1.62 | 1.80 | (0.16) | (0.08) | (0.24) | $11.87 | 17.83% | 0.20% | 1.58% | 5% |
| $234,285 |
|
| 2012 | $10.11 | 0.17 | 0.23 | 0.40 | (0.17) | (0.03) | (0.20) | $10.31 | 4.05% | 0.21% | 1.71% | 20% |
| $107,290 |
|
| 2011 | $8.72 | 0.14 | 1.39 | 1.53 | (0.14) | —(6) | (0.14) | $10.11 | 17.57% | 0.21% | 1.57% | 5% |
| $44,433 |
|
| 2010 | $7.75 | 0.12 | 0.95 | 1.07 | (0.09) | (0.01) | (0.10) | $8.72 | 13.80% | 0.21% | 1.40% | 3% |
| $41,985 |
|
| Institutional Class | | | | | | | | | | |
2015(4) | $12.87 | 0.26 | 0.16 | 0.42 | (0.31) | (0.30) | (0.61) | $12.68 | 3.22% | 0.00%(5)(7) | 3.92%(5) | 2% |
| $326,447 |
|
| 2014 | $11.88 | 0.32 | 1.07 | 1.39 | (0.30) | (0.10) | (0.40) | $12.87 | 11.84% | 0.00%(7) | 2.58% | 4% |
| $243,924 |
|
| 2013 | $10.32 | 0.20 | 1.62 | 1.82 | (0.18) | (0.08) | (0.26) | $11.88 | 18.05% | 0.00%(7) | 1.78% | 5% |
| $156,913 |
|
| 2012 | $10.12 | 0.19 | 0.23 | 0.42 | (0.19) | (0.03) | (0.22) | $10.32 | 4.26% | 0.01% | 1.91% | 20% |
| $70,149 |
|
| 2011 | $8.73 | 0.18 | 1.37 | 1.55 | (0.16) | —(6) | (0.16) | $10.12 | 17.78% | 0.01% | 1.77% | 5% |
| $78,468 |
|
| 2010 | $7.75 | 0.14 | 0.96 | 1.10 | (0.11) | (0.01) | (0.12) | $8.73 | 14.16% | 0.01% | 1.60% | 3% |
| $22,593 |
|
A Class(8) | | | | | | | | | | | | | |
2015(4) | $12.84 | 0.22 | 0.16 | 0.38 | (0.25) | (0.30) | (0.55) | $12.67 | 2.92% | 0.45%(5) | 3.47%(5) | 2% |
| $237,984 |
|
| 2014 | $11.85 | 0.26 | 1.07 | 1.33 | (0.24) | (0.10) | (0.34) | $12.84 | 11.36% | 0.45% | 2.13% | 4% |
| $230,764 |
|
| 2013 | $10.30 | 0.15 | 1.62 | 1.77 | (0.14) | (0.08) | (0.22) | $11.85 | 17.45% | 0.45% | 1.33% | 5% |
| $176,014 |
|
| 2012 | $10.10 | 0.15 | 0.22 | 0.37 | (0.14) | (0.03) | (0.17) | $10.30 | 3.80% | 0.46% | 1.46% | 20% |
| $110,524 |
|
| 2011 | $8.71 | 0.13 | 1.37 | 1.50 | (0.11) | —(6) | (0.11) | $10.10 | 17.29% | 0.46% | 1.32% | 5% |
| $69,629 |
|
| 2010 | $7.73 | 0.09 | 0.97 | 1.06 | (0.07) | (0.01) | (0.08) | $8.71 | 13.68% | 0.46% | 1.15% | 3% |
| $42,212 |
|
|
| | | | | | | | | | | | | | | |
| For a Share Outstanding Throughout the Years Ended July 31 (except as noted) | |
| Per-Share Data | | | Ratios and Supplemental Data |
| | | Income From Investment Operations: | Distributions From: | | | Ratio to Average Net Assets of: | | |
| | Net Asset Value, Beginning of Period | Net Investment Income (Loss)(1) | Net Realized and Unrealized Gain (Loss) | Total From Investment Operations | Net Investment Income | Net Realized Gains | Total Distributions | Net Asset Value, End of Period | Total Return(2) | Operating Expenses(3) | Net Investment Income (Loss) | Portfolio Turnover Rate | Net Assets, End of Period (in thousands) |
| C Class | | | | | | | | | | | | | |
2015(4) | $12.80 | 0.18 | 0.16 | 0.34 | (0.15) | (0.30) | (0.45) | $12.69 | 2.61% | 1.20%(5) | 2.72%(5) | 2% |
| $3,265 |
|
| 2014 | $11.82 | 0.17 | 1.06 | 1.23 | (0.15) | (0.10) | (0.25) | $12.80 | 10.46% | 1.20% | 1.38% | 4% |
| $2,939 |
|
| 2013 | $10.26 | 0.07 | 1.62 | 1.69 | (0.05) | (0.08) | (0.13) | $11.82 | 16.71% | 1.20% | 0.58% | 5% |
| $2,049 |
|
| 2012 | $10.07 | 0.06 | 0.23 | 0.29 | (0.07) | (0.03) | (0.10) | $10.26 | 2.93% | 1.21% | 0.71% | 20% |
| $559 |
|
| 2011 | $8.68 | 0.05 | 1.38 | 1.43 | (0.04) | —(6) | (0.04) | $10.07 | 16.46% | 1.21% | 0.57% | 5% |
| $215 |
|
2010(9) | $8.60 | ��(6) | 0.08 | 0.08 | — | — | — | $8.68 | 0.93% | 1.21%(5) | 0.12%(5) | 3%(10) |
| $68 |
|
| R Class | | | | | | | | | | | | | |
2015(4) | $12.82 | 0.21 | 0.16 | 0.37 | (0.22) | (0.30) | (0.52) | $12.67 | 2.82% | 0.70%(5) | 3.22%(5) | 2% |
| $109,979 |
|
| 2014 | $11.83 | 0.23 | 1.07 | 1.30 | (0.21) | (0.10) | (0.31) | $12.82 | 11.10% | 0.70% | 1.88% | 4% |
| $94,677 |
|
| 2013 | $10.28 | 0.12 | 1.62 | 1.74 | (0.11) | (0.08) | (0.19) | $11.83 | 17.18% | 0.70% | 1.08% | 5% |
| $64,687 |
|
| 2012 | $10.08 | 0.12 | 0.23 | 0.35 | (0.12) | (0.03) | (0.15) | $10.28 | 3.54% | 0.71% | 1.21% | 20% |
| $36,524 |
|
| 2011 | $8.69 | 0.10 | 1.38 | 1.48 | (0.09) | —(6) | (0.09) | $10.08 | 17.03% | 0.71% | 1.07% | 5% |
| $18,752 |
|
| 2010 | $7.72 | 0.08 | 0.95 | 1.03 | (0.05) | (0.01) | (0.06) | $8.69 | 13.28% | 0.71% | 0.90% | 3% |
| $7,773 |
|
|
|
| Notes to Financial Highlights |
| |
| (1) | Computed using average shares outstanding throughout the period. |
| |
| (2) | Total returns are calculated based on the net asset value of the last business day and do not reflect applicable sales charges, if any. Total returns for periods less than one year are not annualized. |
| |
| (3) | Ratio of operating expenses to average net assets does not include any fees and expenses of the underlying funds. |
| |
| (4) | Six months ended January 31, 2015 (unaudited). |
| |
| (6) | Per-share amount was less than $0.005. |
| |
| (7) | Ratio was less than 0.005%. |
| |
| (8) | Prior to March 1, 2010, the A Class was referred to as the Advisor Class. |
| |
| (9) | March 1, 2010 (commencement of sale) through July 31, 2010. |
| |
| (10) | Portfolio turnover is calculated at the fund level. Percentage indicated was calculated for the year ended July 31, 2010. |
See Notes to Financial Statements.
|
| | | | | | | | | | | | | | | |
| For a Share Outstanding Throughout the Years Ended July 31 (except as noted) | |
| Per-Share Data | | | Ratios and Supplemental Data |
| | | Income From Investment Operations: | Distributions From: | | | Ratio to Average Net Assets of: | | |
| | Net Asset Value, Beginning of Period | Net Investment Income (Loss)(1) | Net Realized and Unrealized Gain (Loss) | Total From Investment Operations | Net Investment Income | Net Realized Gains | Total Distributions | Net Asset Value, End of Period | Total Return(2) | Operating Expenses(3) | Net Investment Income (Loss) | Portfolio Turnover Rate | Net Assets, End of Period (in thousands) |
| One Choice 2045 Portfolio | | | | | | | | | | | |
| Investor Class | | | | | | | | | | | | | |
2015(4) | $16.22 | 0.32 | 0.19 | 0.51 | (0.37) | (0.43) | (0.80) | $15.93 | 3.08% | 0.20%(5) | 3.80%(5) | 4% |
| $566,755 |
|
| 2014 | $14.92 | 0.37 | 1.44 | 1.81 | (0.36) | (0.15) | (0.51) | $16.22 | 12.34% | 0.20% | 2.38% | 4% |
| $523,828 |
|
| 2013 | $12.84 | 0.22 | 2.17 | 2.39 | (0.21) | (0.10) | (0.31) | $14.92 | 18.94% | 0.20% | 1.58% | 3% |
| $355,470 |
|
| 2012 | $12.59 | 0.20 | 0.26 | 0.46 | (0.21) | — | (0.21) | $12.84 | 3.76% | 0.21% | 1.66% | 14% |
| $222,501 |
|
| 2011 | $10.82 | 0.18 | 1.76 | 1.94 | (0.17) | — | (0.17) | $12.59 | 17.98% | 0.21% | 1.51% | 2% |
| $157,711 |
|
| 2010 | $9.59 | 0.14 | 1.22 | 1.36 | (0.13) | — | (0.13) | $10.82 | 14.16% | 0.21% | 1.35% | 9% |
| $113,447 |
|
| Institutional Class | | | | | | | | | | |
2015(4) | $16.24 | 0.33 | 0.21 | 0.54 | (0.41) | (0.43) | (0.84) | $15.94 | 3.22% | 0.00%(5)(6) | 4.00%(5) | 4% |
| $329,966 |
|
| 2014 | $14.94 | 0.40 | 1.44 | 1.84 | (0.39) | (0.15) | (0.54) | $16.24 | 12.55% | 0.00%(6) | 2.58% | 4% |
| $281,772 |
|
| 2013 | $12.86 | 0.25 | 2.17 | 2.42 | (0.24) | (0.10) | (0.34) | $14.94 | 19.15% | 0.00%(6) | 1.78% | 3% |
| $196,557 |
|
| 2012 | $12.60 | 0.23 | 0.26 | 0.49 | (0.23) | — | (0.23) | $12.86 | 4.04% | 0.01% | 1.86% | 14% |
| $116,894 |
|
| 2011 | $10.83 | 0.21 | 1.75 | 1.96 | (0.19) | — | (0.19) | $12.60 | 18.10% | 0.01% | 1.71% | 2% |
| $110,477 |
|
| 2010 | $9.60 | 0.16 | 1.22 | 1.38 | (0.15) | — | (0.15) | $10.83 | 14.48% | 0.01% | 1.55% | 9% |
| $57,836 |
|
A Class(7) | | | | | | | | | | | | | |
2015(4) | $16.19 | 0.29 | 0.20 | 0.49 | (0.33) | (0.43) | (0.76) | $15.92 | 2.95% | 0.45%(5) | 3.55%(5) | 4% |
| $281,691 |
|
| 2014 | $14.89 | 0.34 | 1.43 | 1.77 | (0.32) | (0.15) | (0.47) | $16.19 | 12.08% | 0.45% | 2.13% | 4% |
| $283,598 |
|
| 2013 | $12.82 | 0.18 | 2.17 | 2.35 | (0.18) | (0.10) | (0.28) | $14.89 | 18.59% | 0.45% | 1.33% | 3% |
| $231,054 |
|
| 2012 | $12.56 | 0.18 | 0.26 | 0.44 | (0.18) | — | (0.18) | $12.82 | 3.59% | 0.46% | 1.41% | 14% |
| $147,197 |
|
| 2011 | $10.80 | 0.15 | 1.75 | 1.90 | (0.14) | — | (0.14) | $12.56 | 17.63% | 0.46% | 1.26% | 2% |
| $104,426 |
|
| 2010 | $9.57 | 0.11 | 1.22 | 1.33 | (0.10) | — | (0.10) | $10.80 | 13.90% | 0.46% | 1.10% | 9% |
| $56,695 |
|
|
| | | | | | | | | | | | | | | |
| For a Share Outstanding Throughout the Years Ended July 31 (except as noted) | |
| Per-Share Data | | | Ratios and Supplemental Data |
| | | Income From Investment Operations: | Distributions From: | | | Ratio to Average Net Assets of: | | |
| | Net Asset Value, Beginning of Period | Net Investment Income (Loss)(1) | Net Realized and Unrealized Gain (Loss) | Total From Investment Operations | Net Investment Income | Net Realized Gains | Total Distributions | Net Asset Value, End of Period | Total Return(2) | Operating Expenses(3) | Net Investment Income (Loss) | Portfolio Turnover Rate | Net Assets, End of Period (in thousands) |
| C Class | | | | | | | | | | | | | |
2015(4) | $16.15 | 0.21 | 0.22 | 0.43 | (0.20) | (0.43) | (0.63) | $15.95 | 2.61% | 1.20%(5) | 2.80%(5) | 4% |
| $2,024 |
|
| 2014 | $14.86 | 0.20 | 1.44 | 1.64 | (0.20) | (0.15) | (0.35) | $16.15 | 11.18% | 1.20% | 1.38% | 4% |
| $1,993 |
|
| 2013 | $12.79 | 0.10 | 2.15 | 2.25 | (0.08) | (0.10) | (0.18) | $14.86 | 17.72% | 1.20% | 0.58% | 3% |
| $1,220 |
|
| 2012 | $12.53 | 0.08 | 0.27 | 0.35 | (0.09) | — | (0.09) | $12.79 | 2.82% | 1.21% | 0.66% | 14% |
| $633 |
|
| 2011 | $10.78 | 0.03 | 1.77 | 1.80 | (0.05) | — | (0.05) | $12.53 | 16.68% | 1.21% | 0.51% | 2% |
| $363 |
|
2010(8) | $10.67 | 0.01 | 0.10 | 0.11 | — | — | — | $10.78 | 1.03% | 1.21%(5) | 0.14%(5) | 9%(9) |
| $59 |
|
| R Class | | | | | | | | | | | | | |
2015(4) | $16.17 | 0.27 | 0.21 | 0.48 | (0.29) | (0.43) | (0.72) | $15.93 | 2.88% | 0.70%(5) | 3.30%(5) | 4% |
| $126,423 |
|
| 2014 | $14.88 | 0.30 | 1.42 | 1.72 | (0.28) | (0.15) | (0.43) | $16.17 | 11.73% | 0.70% | 1.88% | 4% |
| $117,392 |
|
| 2013 | $12.81 | 0.15 | 2.17 | 2.32 | (0.15) | (0.10) | (0.25) | $14.88 | 18.30% | 0.70% | 1.08% | 3% |
| $91,776 |
|
| 2012 | $12.55 | 0.14 | 0.27 | 0.41 | (0.15) | — | (0.15) | $12.81 | 3.33% | 0.71% | 1.16% | 14% |
| $62,208 |
|
| 2011 | $10.79 | 0.12 | 1.75 | 1.87 | (0.11) | — | (0.11) | $12.55 | 17.35% | 0.71% | 1.01% | 2% |
| $39,540 |
|
| 2010 | $9.56 | 0.09 | 1.21 | 1.30 | (0.07) | — | (0.07) | $10.79 | 13.63% | 0.71% | 0.85% | 9% |
| $17,327 |
|
|
|
| Notes to Financial Highlights |
| |
| (1) | Computed using average shares outstanding throughout the period. |
| |
| (2) | Total returns are calculated based on the net asset value of the last business day and do not reflect applicable sales charges, if any. Total returns for periods less than one year are not annualized. |
| |
| (3) | Ratio of operating expenses to average net assets does not include any fees and expenses of the underlying funds. |
| |
| (4) | Six months ended January 31, 2015 (unaudited). |
| |
| (6) | Ratio was less than 0.005%. |
| |
| (7) | Prior to March 1, 2010, the A Class was referred to as the Advisor Class. |
| |
| (8) | March 1, 2010 (commencement of sale) through July 31, 2010. |
| |
| (9) | Portfolio turnover is calculated at the fund level. Percentage indicated was calculated for the year ended July 31, 2010. |
See Notes to Financial Statements.
|
| | | | | | | | | | | | | | | |
| For a Share Outstanding Throughout the Years Ended July 31 (except as noted) | |
| Per-Share Data | | | Ratios and Supplemental Data |
| | | Income From Investment Operations: | Distributions From: | | | Ratio to Average Net Assets of: | | |
| | Net Asset Value, Beginning of Period | Net Investment Income (Loss)(1) | Net Realized and Unrealized Gain (Loss) | Total From Investment Operations | Net Investment Income | Net Realized Gains | Total Distributions | Net Asset Value, End of Period | Total Return(2) | Operating Expenses(3) | Net Investment Income (Loss) | Portfolio Turnover Rate | Net Assets, End of Period (in thousands) |
| One Choice 2050 Portfolio | | | | | | | | | | |
| Investor Class | | | | | | | | | | | | | |
2015(4) | $12.85 | 0.26 | 0.15 | 0.41 | (0.29) | (0.30) | (0.59) | $12.67 | 3.06% | 0.20%(5) | 3.86%(5) | 3% |
| $237,483 |
|
| 2014 | $11.77 | 0.29 | 1.17 | 1.46 | (0.28) | (0.10) | (0.38) | $12.85 | 12.59% | 0.20% | 2.35% | 4% |
| $214,823 |
|
| 2013 | $10.07 | 0.16 | 1.77 | 1.93 | (0.15) | (0.08) | (0.23) | $11.77 | 19.51% | 0.20% | 1.51% | 4% |
| $115,834 |
|
| 2012 | $9.88 | 0.14 | 0.21 | 0.35 | (0.14) | (0.02) | (0.16) | $10.07 | 3.67% | 0.21% | 1.53% | 12% |
| $48,553 |
|
| 2011 | $8.45 | 0.13 | 1.42 | 1.55 | (0.12) | —(6) | (0.12) | $9.88 | 18.35% | 0.21% | 1.37% | 6% |
| $20,035 |
|
| 2010 | $7.46 | 0.10 | 0.97 | 1.07 | (0.08) | —(6) | (0.08) | $8.45 | 14.33% | 0.22% | 1.17% | 13% |
| $10,225 |
|
| Institutional Class | | | | | | | | | | |
2015(4) | $12.87 | 0.27 | 0.15 | 0.42 | (0.31) | (0.30) | (0.61) | $12.68 | 3.19% | 0.00%(5)(7) | 4.06%(5) | 3% |
| $186,138 |
|
| 2014 | $11.79 | 0.32 | 1.17 | 1.49 | (0.31) | (0.10) | (0.41) | $12.87 | 12.79% | 0.00%(7) | 2.55% | 4% |
| $135,635 |
|
| 2013 | $10.09 | 0.19 | 1.76 | 1.95 | (0.17) | (0.08) | (0.25) | $11.79 | 19.72% | 0.00%(7) | 1.71% | 4% |
| $95,469 |
|
| 2012 | $9.90 | 0.17 | 0.20 | 0.37 | (0.16) | (0.02) | (0.18) | $10.09 | 3.87% | 0.01% | 1.73% | 12% |
| $49,284 |
|
| 2011 | $8.46 | 0.15 | 1.43 | 1.58 | (0.14) | —(6) | (0.14) | $9.90 | 18.69% | 0.01% | 1.57% | 6% |
| $30,796 |
|
| 2010 | $7.47 | 0.12 | 0.96 | 1.08 | (0.09) | —(6) | (0.09) | $8.46 | 14.54% | 0.02% | 1.37% | 13% |
| $8,482 |
|
A Class(8) | | | | | | | | | | | | | |
2015(4) | $12.83 | 0.23 | 0.16 | 0.39 | (0.25) | (0.30) | (0.55) | $12.67 | 2.96% | 0.45%(5) | 3.61%(5) | 3% |
| $138,369 |
|
| 2014 | $11.75 | 0.26 | 1.17 | 1.43 | (0.25) | (0.10) | (0.35) | $12.83 | 12.32% | 0.45% | 2.10% | 4% |
| $131,709 |
|
| 2013 | $10.06 | 0.14 | 1.76 | 1.90 | (0.13) | (0.08) | (0.21) | $11.75 | 19.13% | 0.45% | 1.26% | 4% |
| $91,012 |
|
| 2012 | $9.87 | 0.13 | 0.20 | 0.33 | (0.12) | (0.02) | (0.14) | $10.06 | 3.41% | 0.46% | 1.28% | 12% |
| $55,073 |
|
| 2011 | $8.44 | 0.11 | 1.41 | 1.52 | (0.09) | —(6) | (0.09) | $9.87 | 18.08% | 0.46% | 1.12% | 6% |
| $29,685 |
|
| 2010 | $7.45 | 0.07 | 0.97 | 1.04 | (0.05) | —(6) | (0.05) | $8.44 | 14.06% | 0.47% | 0.92% | 13% |
| $13,463 |
|
|
| | | | | | | | | | | | | | | |
| For a Share Outstanding Throughout the Years Ended July 31 (except as noted) | |
| Per-Share Data | | | Ratios and Supplemental Data |
| | | Income From Investment Operations: | Distributions From: | | | Ratio to Average Net Assets of: | | |
| | Net Asset Value, Beginning of Period | Net Investment Income (Loss)(1) | Net Realized and Unrealized Gain (Loss) | Total From Investment Operations | Net Investment Income | Net Realized Gains | Total Distributions | Net Asset Value, End of Period | Total Return(2) | Operating Expenses(3) | Net Investment Income (Loss) | Portfolio Turnover Rate | Net Assets, End of Period (in thousands) |
| C Class | | | | | | | | | | | | | |
2015(4) | $12.80 | 0.18 | 0.16 | 0.34 | (0.15) | (0.30) | (0.45) | $12.69 | 2.58% | 1.20%(5) | 2.86%(5) | 3% |
| $2,260 |
|
| 2014 | $11.73 | 0.19 | 1.14 | 1.33 | (0.16) | (0.10) | (0.26) | $12.80 | 11.40% | 1.20% | 1.35% | 4% |
| $1,983 |
|
| 2013 | $10.04 | 0.06 | 1.76 | 1.82 | (0.05) | (0.08) | (0.13) | $11.73 | 18.26% | 1.20% | 0.51% | 4% |
| $1,748 |
|
| 2012 | $9.85 | 0.05 | 0.21 | 0.26 | (0.05) | (0.02) | (0.07) | $10.04 | 2.64% | 1.21% | 0.53% | 12% |
| $530 |
|
| 2011 | $8.42 | 0.05 | 1.40 | 1.45 | (0.02) | —(6) | (0.02) | $9.85 | 17.23% | 1.21% | 0.37% | 6% |
| $117 |
|
2010(9) | $8.35 | —(6) | 0.07 | 0.07 | — | — | — | $8.42 | 0.84% | 1.22%(5) | 0.06%(5) | 13%(10) |
| $32 |
|
| R Class | | | | | | | | | | | | | |
2015(4) | $12.81 | 0.22 | 0.16 | 0.38 | (0.22) | (0.30) | (0.52) | $12.67 | 2.86% | 0.70%(5) | 3.36%(5) | 3% |
| $55,709 |
|
| 2014 | $11.74 | 0.23 | 1.16 | 1.39 | (0.22) | (0.10) | (0.32) | $12.81 | 11.96% | 0.70% | 1.85% | 4% |
| $47,771 |
|
| 2013 | $10.05 | 0.11 | 1.76 | 1.87 | (0.10) | (0.08) | (0.18) | $11.74 | 18.84% | 0.70% | 1.01% | 4% |
| $32,896 |
|
| 2012 | $9.86 | 0.10 | 0.21 | 0.31 | (0.10) | (0.02) | (0.12) | $10.05 | 3.16% | 0.71% | 1.03% | 12% |
| $15,933 |
|
| 2011 | $8.43 | 0.09 | 1.41 | 1.50 | (0.07) | —(6) | (0.07) | $9.86 | 17.80% | 0.71% | 0.87% | 6% |
| $7,660 |
|
| 2010 | $7.44 | 0.06 | 0.96 | 1.02 | (0.03) | —(6) | (0.03) | $8.43 | 13.79% | 0.73% | 0.66% | 13% |
| $3,076 |
|
|
|
| Notes to Financial Highlights |
| |
| (1) | Computed using average shares outstanding throughout the period. |
| |
| (2) | Total returns are calculated based on the net asset value of the last business day and do not reflect applicable sales charges, if any. Total returns for periods less than one year are not annualized. |
| |
| (3) | Ratio of operating expenses to average net assets does not include any fees and expenses of the underlying funds. |
| |
| (4) | Six months ended January 31, 2015 (unaudited). |
| |
| (6) | Per-share amount was less than $0.005. |
| |
| (7) | Ratio was less than 0.005%. |
| |
| (8) | Prior to March 1, 2010, the A Class was referred to as the Advisor Class. |
| |
| (9) | March 1, 2010 (commencement of sale) through July 31, 2010. |
| |
| (10) | Portfolio turnover is calculated at the fund level. Percentage indicated was calculated for the year ended July 31, 2010. |
See Notes to Financial Statements.
|
| | | | | | | | | | | | | | | |
| For a Share Outstanding Throughout the Years Ended July 31 (except as noted) | | | | | | |
| Per-Share Data | | | | | | | | Ratios and Supplemental Data | |
| | | Income From Investment Operations: | Distributions From: | | | Ratio to Average Net Assets of: | | |
| | Net Asset Value, Beginning of Period | Net Investment Income (Loss)(1) | Net Realized and Unrealized Gain (Loss) | Total From Investment Operations | Net Investment Income | Net Realized Gains | Total Distributions | Net Asset Value, End of Period | Total Return(2) | Operating Expenses(3) | Net Investment Income (Loss) | Portfolio Turnover Rate | Net Assets, End of Period (in thousands) |
| One Choice 2055 Portfolio | | | | | | | | | |
| Investor Class | | | | | | | | | | | | | |
2015(4) | $13.22 | 0.27 | 0.16 | 0.43 | (0.28) | (0.21) | (0.49) | $13.16 | 3.17% | 0.20%(5) | 3.98%(5) | 4% |
| $48,162 |
|
| 2014 | $12.02 | 0.30 | 1.24 | 1.54 | (0.28) | (0.06) | (0.34) | $13.22 | 12.87% | 0.20% | 2.22% | 8% |
| $33,357 |
|
| 2013 | $10.19 | 0.15 | 1.85 | 2.00 | (0.14) | (0.03) | (0.17) | $12.02 | 19.86% | 0.20% | 1.36% | 13% |
| $14,959 |
|
| 2012 | $9.92 | 0.12 | 0.25 | 0.37 | (0.10) | — | (0.10) | $10.19 | 3.78% | 0.20% | 1.25% | 44% |
| $3,920 |
|
2011(6) | $10.00 | 0.03 | (0.11) | (0.08) | — | — | — | $9.92 | (0.80)% | 0.20%(5) | 0.86%(5) | 12% |
| $390 |
|
| Institutional Class | | | | | | | | | | | | |
2015(4) | $13.23 | 0.28 | 0.16 | 0.44 | (0.31) | (0.21) | (0.52) | $13.15 | 3.22% | 0.00%(5)(7) | 4.18%(5) | 4% |
| $57,725 |
|
| 2014 | $12.03 | 0.28 | 1.28 | 1.56 | (0.30) | (0.06) | (0.36) | $13.23 | 13.09% | 0.00%(7) | 2.42% | 8% |
| $43,147 |
|
| 2013 | $10.20 | 0.18 | 1.84 | 2.02 | (0.16) | (0.03) | (0.19) | $12.03 | 20.08% | 0.00%(7) | 1.56% | 13% |
| $10,951 |
|
| 2012 | $9.92 | 0.14 | 0.25 | 0.39 | (0.11) | — | (0.11) | $10.20 | 4.04% | 0.00%(7) | 1.45% | 44% |
| $3,939 |
|
2011(6) | $10.00 | 0.04 | (0.12) | (0.08) | — | — | — | $9.92 | (0.80)% | 0.00%(5)(7) | 1.06%(5) | 12% |
| $379 |
|
| A Class | | | | | | | | | | | | | |
2015(4) | $13.19 | 0.25 | 0.17 | 0.42 | (0.25) | (0.21) | (0.46) | $13.15 | 3.07% | 0.45%(5) | 3.73%(5) | 4% |
| $39,391 |
|
| 2014 | $12.00 | 0.26 | 1.23 | 1.49 | (0.24) | (0.06) | (0.30) | $13.19 | 12.52% | 0.45% | 1.97% | 8% |
| $31,787 |
|
| 2013 | $10.17 | 0.13 | 1.85 | 1.98 | (0.12) | (0.03) | (0.15) | $12.00 | 19.59% | 0.45% | 1.11% | 13% |
| $14,138 |
|
| 2012 | $9.91 | 0.10 | 0.24 | 0.34 | (0.08) | — | (0.08) | $10.17 | 3.49% | 0.45% | 1.00% | 44% |
| $3,253 |
|
2011(6) | $10.00 | 0.02 | (0.11) | (0.09) | — | — | — | $9.91 | (0.90)% | 0.45%(5) | 0.61%(5) | 12% |
| $21 |
|
|
| | | | | | | | | | | | | | | |
| For a Share Outstanding Throughout the Years Ended July 31 (except as noted) | | | | | | |
| Per-Share Data | | | | | | | | Ratios and Supplemental Data | |
| | | Income From Investment Operations: | Distributions From: | | | Ratio to Average Net Assets of: | | |
| | Net Asset Value, Beginning of Period | Net Investment Income (Loss)(1) | Net Realized and Unrealized Gain (Loss) | Total From Investment Operations | Net Investment Income | Net Realized Gains | Total Distributions | Net Asset Value, End of Period | Total Return(2) | Operating Expenses(3) | Net Investment Income (Loss) | Portfolio Turnover Rate | Net Assets, End of Period (in thousands) |
| C Class | | | | | | | | | | | | | |
2015(4) | $13.14 | 0.19 | 0.17 | 0.36 | (0.14) | (0.21) | (0.35) | $13.15 | 2.68% | 1.20%(5) | 2.98%(5) | 4% |
| $461 |
|
| 2014 | $11.95 | 0.17 | 1.23 | 1.40 | (0.15) | (0.06) | (0.21) | $13.14 | 11.72% | 1.20% | 1.22% | 8% |
| $428 |
|
| 2013 | $10.13 | 0.05 | 1.84 | 1.89 | (0.04) | (0.03) | (0.07) | $11.95 | 18.66% | 1.20% | 0.36% | 13% |
| $215 |
|
| 2012 | $9.88 | 0.02 | 0.26 | 0.28 | (0.03) | — | (0.03) | $10.13 | 2.81% | 1.20% | 0.25% | 44% |
| $87 |
|
2011(6) | $10.00 | (0.01) | (0.11) | (0.12) | — | — | — | $9.88 | (1.20)% | 1.20%(5) | (0.14)%(5) | 12% |
| $5 |
|
| R Class | | | | | | | | | | | | | |
2015(4) | $13.18 | 0.24 | 0.15 | 0.39 | (0.21) | (0.21) | (0.42) | $13.15 | 2.89% | 0.70%(5) | 3.48%(5) | 4% |
| $18,631 |
|
| 2014 | $11.99 | 0.23 | 1.23 | 1.46 | (0.21) | (0.06) | (0.27) | $13.18 | 12.25% | 0.70% | 1.72% | 8% |
| $13,999 |
|
| 2013 | $10.16 | 0.09 | 1.86 | 1.95 | (0.09) | (0.03) | (0.12) | $11.99 | 19.31% | 0.70% | 0.86% | 13% |
| $6,983 |
|
| 2012 | $9.90 | 0.06 | 0.26 | 0.32 | (0.06) | — | (0.06) | $10.16 | 3.29% | 0.70% | 0.75% | 44% |
| $1,108 |
|
2011(6) | $10.00 | 0.01 | (0.11) | (0.10) | — | — | — | $9.90 | (1.00)% | 0.70%(5) | 0.36%(5) | 12% |
| $6 |
|
|
|
| Notes to Financial Highlights |
| |
| (1) | Computed using average shares outstanding throughout the period. |
| |
| (2) | Total returns are calculated based on the net asset value of the last business day and do not reflect applicable sales charges, if any. Total returns for periods less than one year are not annualized. |
| |
| (3) | Ratio of operating expenses to average net assets does not include any fees and expenses of the underlying funds. |
| |
| (4) | Six months ended January 31, 2015 (unaudited). |
| |
| (6) | March 31, 2011 (fund inception) through July 31, 2011. |
| |
| (7) | Ratio was less than 0.005%. |
See Notes to Financial Statements.
Retirement Account Information
As required by law, distributions you receive from certain IRAs are subject to federal income tax withholding, unless you elect not to have withholding apply. Tax will be withheld on the total amount withdrawn even though you may be receiving amounts that are not subject to withholding, such as nondeductible contributions. In such case, excess amounts of withholding could occur. You may adjust your withholding election so that a greater or lesser amount will be withheld.
If you don’t want us to withhold on this amount, you must notify us to not withhold the federal income tax. You may notify us in writing or in certain situations by telephone or through other electronic means. For systematic withdrawals, your withholding election will remain in effect until revoked or changed by filing a new election. You have the right to revoke your election at any time.
Remember, even if you elect not to have income tax withheld, you are liable for paying income tax on the taxable portion of your withdrawal. If you elect not to have income tax withheld or you don’t have enough income tax withheld, you may be responsible for payment of estimated tax. You may incur penalties under the estimated tax rules if your withholding and estimated tax payments are not sufficient. You can reduce or defer the income tax on a distribution by directly or indirectly rolling such distribution over to another IRA or eligible plan. You should consult your tax advisor for additional information.
State tax will be withheld if, at the time of your distribution, your address is within one of the mandatory withholding states and you have federal income tax withheld (or as otherwise required by state law). State taxes will be withheld from your distribution in accordance with the respective state rules.
Distributions you receive from 403(b), 457 and qualified plans are subject to special tax and withholding rules. Your plan administrator or plan sponsor is required to provide you with a special tax notice explaining those rules at the time you request a distribution. If applicable, federal and/or state taxes may be withheld from your distribution amount.
Proxy Voting Policies
A description of the policies that the funds’ investment advisor uses in exercising the voting rights associated with the securities purchased and/or held by the funds is available without charge, upon request, by calling 1-800-345-2021. It is also available on the “About Us” page of American Century Investments’ website at americancentury.com and on the Securities and Exchange Commission’s
website at sec.gov. Information regarding how the investment advisor voted proxies relating to portfolio securities during the most recent 12-month period ended June 30 is available on the “About Us” page at americancentury.com. It is also available at sec.gov.
Quarterly Portfolio Disclosure
The funds file their complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year on Form N-Q. The funds’ Forms N-Q are available on the SEC’s website at sec.gov, and may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330. The funds also make their complete
schedule of portfolio holdings for the most recent quarter of their fiscal year available on their website at americancentury.com and, upon request, by calling 1-800-345-2021.
|
| | |
| |
| | | |
| Contact Us | americancentury.com | |
| Automated Information Line | 1-800-345-8765 | |
| Investor Services Representative | 1-800-345-2021
or 816-531-5575 | |
| Investors Using Advisors | 1-800-378-9878 | |
| Business, Not-For-Profit, Employer-Sponsored Retirement Plans | 1-800-345-3533 | |
| Banks and Trust Companies, Broker-Dealers, Financial Professionals, Insurance Companies | 1-800-345-6488 | |
| Telecommunications Relay Services for the Deaf | 711 | |
| | | |
| American Century Asset Allocation Portfolios, Inc. | |
| | | |
Investment Advisor: American Century Investment Management, Inc. Kansas City, Missouri | |
| | | |
| This report and the statements it contains are submitted for the general information of our shareholders. The report is not authorized for distribution to prospective investors unless preceded or accompanied by an effective prospectus. | |
| | | |
©2015 American Century Proprietary Holdings, Inc. All rights reserved. CL-SAN-84892 1503 | |
|
| |
SEMIANNUAL REPORT | JANUARY 31, 2015 |
One ChoiceSM In Retirement Portfolio R6
One ChoiceSM 2015 Portfolio R6
One ChoiceSM 2020 Portfolio R6
One ChoiceSM 2025 Portfolio R6
One ChoiceSM 2030 Portfolio R6
One ChoiceSM 2035 Portfolio R6
One ChoiceSM 2040 Portfolio R6
One ChoiceSM 2045 Portfolio R6
One ChoiceSM 2050 Portfolio R6
One ChoiceSM 2055 Portfolio R6
|
| |
| President's Letter | |
| Performance | |
| Portfolio Characteristics | |
| Shareholder Fee Examples | |
| Schedules of Investments | |
| Statements of Assets and Liabilities | |
| Statements of Operations | |
| Statements of Changes in Net Assets | |
| Notes to Financial Statements | |
| Financial Highlights | |
| Additional Information | |
Any opinions expressed in this report reflect those of the author as of the date of the report, and do not necessarily represent the opinions of American Century Investments® or any other person in the American Century Investments organization. Any such opinions are subject to change at any time based upon market or other conditions and American Century Investments disclaims any responsibility to update such opinions. These opinions may not be relied upon as investment advice and, because investment decisions made by American Century Investments funds are based on numerous factors, may not be relied upon as an indication of trading intent on behalf of any American Century Investments fund. Security examples are used for representational purposes only and are not intended as recommendations to purchase or sell securities. Performance information for comparative indices and securities is provided to American Century Investments by third party vendors. To the best of American Century Investments’ knowledge, such information is accurate at the time of printing.
|
| |
| Dear Investor:
Thank you for reviewing this semiannual report for the six months ended January 31, 2015. It provides a macroeconomic and financial market overview (below), followed by fund performance, a schedule of fund investments, and other financial information.
For additional commentary and updated information on fund performance, key factors that affected asset returns, and other insights regarding the investment markets, we encourage you to visit our website, americancentury.com. |
| Jonathan Thomas |
Most U.S. Investments Advanced, While Non-U.S. Generally Lagged (Especially in Dollar Terms)
“Global divergence” between the U.S. and the rest of the world emerged as a prevalent theme during the reporting period. As 2014 ended and 2015 began, the U.S. appeared to be on a different economic and monetary policy track than most other nations. This theme embraced not only the stronger economic growth enjoyed by the U.S. compared with the rest of the world, but also the related contrast between the U.S. Federal Reserve’s unwinding of monetary stimulus versus the continuation and expansion of monetary stimulus by most other major central banks.
Global divergence also generally described the broad difference between investment returns for U.S. and non-U.S. markets, especially for U.S. investors who realized their returns in dollar terms. The perceived strength, safe-haven qualities, and higher yields of U.S. investments attracted global demand. For the reporting period, the U.S. Dollar Index, the S&P 500 Index, and the Barclays U.S. Aggregate Bond Index returned 16.44%, 4.37%, and 4.36%, respectively. By contrast, for U.S. investors unhedged for currency exposure (the dollar’s strength reduced non-dollar-denominated returns when converted to dollars), the MSCI EAFE Index, the MSCI Emerging Markets Index, and the Barclays Global Aggregate Bond ex-USD (Unhedged) Index returned -6.97%, -9.05%, and -8.67%, respectively.
Plunging oil prices and falling inflation expectations also dominated the financial news. We expect low inflation and related commodity price suppression factors to affect global markets well into 2015, along with continued global divergence in economic growth and monetary policies. It appears that the Federal Reserve might finally start raising short-term U.S. interest rates this year, but global economic weakness and low inflation might delay the rate hikes until the second half of 2015 and keep them relatively small. In this environment, we continue to believe in a disciplined, diversified, long-term investment approach, using professionally managed stock and bond portfolios to meet financial goals. We appreciate your continued trust in us.
Sincerely,
Jonathan Thomas
President and Chief Executive Officer
American Century Investments
|
| | | | | |
| Total Returns as of January 31, 2015 |
| | | | | Average Annual Returns | |
| | Ticker Symbol | 6 months(1) | 1 year | Since Inception | Inception Date |
| One Choice In Retirement Portfolio R6 — R6 Class | ARDTX | 2.15% | 7.10% | 7.05% | 7/31/13 |
| S&P Target Date Retirement Income Index | — | 2.31% | 5.94% | 5.73% | — |
| One Choice 2015 Portfolio R6 — R6 Class | ARNDX | 2.19% | 7.19% | 7.24% | 7/31/13 |
| S&P Target Date To 2015 Index | — | 1.72% | 6.07% | 6.25% | — |
| One Choice 2020 Portfolio R6 — R6 Class | ARBDX | 2.35% | 7.75% | 7.70% | 7/31/13 |
| S&P Target Date To 2020 Index | — | 1.42% | 6.28% | 6.64% | — |
| One Choice 2025 Portfolio R6 — R6 Class | ARWDX | 2.59% | 8.39% | 8.40% | 7/31/13 |
| S&P Target Date To 2025 Index | — | 1.13% | 6.47% | 7.00% | — |
| One Choice 2030 Portfolio R6 — R6 Class | ARCUX | 2.91% | 8.92% | 8.91% | 7/31/13 |
| S&P Target Date To 2030 Index | — | 0.85% | 6.63% | 7.33% | — |
| One Choice 2035 Portfolio R6 — R6 Class | ARLDX | 3.17% | 9.59% | 9.55% | 7/31/13 |
| S&P Target Date To 2035 Index | — | 0.57% | 6.79% | 7.65% | — |
| One Choice 2040 Portfolio R6 — R6 Class | ARDUX | 3.22% | 10.12% | 10.20% | 7/31/13 |
| S&P Target Date To 2040 Index | — | 0.32% | 6.90% | 7.90% | — |
| One Choice 2045 Portfolio R6 — R6 Class | ARDOX | 3.35% | 10.65% | 10.62% | 7/31/13 |
| S&P Target Date To 2045 Index | — | 0.09% | 6.99% | 8.12% | — |
| One Choice 2050 Portfolio R6 — R6 Class | ARFEX | 3.29% | 10.80% | 10.75% | 7/31/13 |
| S&P Target Date To 2050 Index | — | -0.14% | 7.06% | 8.31% | — |
| One Choice 2055 Portfolio R6 — R6 Class | AREUX | 3.31% | 11.08% | 10.99% | 7/31/13 |
| S&P Target Date To 2055+ Index | — | -0.36% | 7.15% | 8.52% | — |
| |
| (1) | Total returns for periods less than one year are not annualized. |
A One Choice Target Date Portfolio's target date is the approximate year when investors plan to retire or start withdrawing their money. The principal value of the investment is not guaranteed at any time, including at the target date.
Data presented reflect past performance. Past performance is no guarantee of future
results. Current performance may be higher or lower than the performance shown.
Investment return and principal value will fluctuate, and redemption value may be more or
less than original cost. Data assumes reinvestment of dividends and capital gains, and
none of the charts reflect the deduction of taxes that a shareholder would pay on fund
distributions or the redemption of fund shares. To obtain performance data current to the
most recent month end, please call 1-800-345-6488 or visit ipro.americancentury.com. For
additional information about the funds, please consult the prospectus.
|
| |
| Total Annual Fund Operating Expenses | |
| One Choice In Retirement Portfolio R6 — R6 Class | 0.50% |
| One Choice 2015 Portfolio R6 — R6 Class | 0.52% |
| One Choice 2020 Portfolio R6 — R6 Class | 0.53% |
| One Choice 2025 Portfolio R6 — R6 Class | 0.56% |
| One Choice 2030 Portfolio R6 — R6 Class | 0.57% |
| One Choice 2035 Portfolio R6 — R6 Class | 0.60% |
| One Choice 2040 Portfolio R6 — R6 Class | 0.63% |
| One Choice 2045 Portfolio R6 — R6 Class | 0.66% |
| One Choice 2050 Portfolio R6 — R6 Class | 0.68% |
| One Choice 2055 Portfolio R6 — R6 Class | 0.67% |
The total annual fund operating expenses shown is as stated in the fund’s prospectus current as of the date of this report. The prospectus may vary from the expense ratio shown elsewhere in this report because it is based on a different time period, includes acquired fund fees and expenses, and, if applicable, does not include fee waivers or expense reimbursements.
A One Choice Target Date Portfolio's target date is the approximate year when investors plan to retire or start withdrawing their money. The principal value of the investment is not guaranteed at any time, including at the target date.
Data presented reflect past performance. Past performance is no guarantee of future
results. Current performance may be higher or lower than the performance shown.
Investment return and principal value will fluctuate, and redemption value may be more or
less than original cost. Data assumes reinvestment of dividends and capital gains, and
none of the charts reflect the deduction of taxes that a shareholder would pay on fund
distributions or the redemption of fund shares. To obtain performance data current to the
most recent month end, please call 1-800-345-6488 or visit ipro.americancentury.com. For
additional information about the funds, please consult the prospectus.
|
|
| Portfolio Characteristics |
|
| | | | | |
Underlying Fund Allocations(1) as a % of net assets as of January 31, 2015 |
| | One Choice In Retirement Portfolio R6 | One Choice 2015 Portfolio R6 | One Choice 2020 Portfolio R6 | One Choice 2025 Portfolio R6 | One Choice 2030 Portfolio R6 |
| Equity |
| NT Core Equity Plus Fund | 3.0% | 2.9% | 3.0% | 2.9% | 3.2% |
| NT Equity Growth Fund | 9.9% | 9.8% | 9.6% | 9.2% | 9.2% |
| NT Growth Fund | 6.4% | 6.4% | 7.7% | 8.7% | 10.5% |
| NT Heritage Fund | 2.5% | 2.5% | 3.5% | 4.5% | 5.0% |
| NT Large Company Value Fund | 10.9% | 10.8% | 11.1% | 11.1% | 11.6% |
| NT Mid Cap Value Fund | 3.9% | 3.9% | 4.7% | 5.4% | 5.2% |
| NT Small Company Fund | 2.0% | 2.0% | 2.0% | 2.2% | 3.2% |
| Real Estate Fund | 1.0% | 1.0% | 1.2% | 1.5% | 1.7% |
| NT Emerging Markets Fund | — | — | 1.0% | 2.2% | 2.7% |
| NT International Growth Fund | 4.9% | 5.0% | 5.7% | 6.7% | 8.2% |
| Total Equity | 44.5% | 44.3% | 49.5% | 54.4% | 60.5% |
| Fixed Income | | | | | |
| High-Yield Fund | 3.8% | 3.8% | 3.8% | 3.5% | 3.2% |
| Inflation-Adjusted Bond Fund | 1.5% | 1.5% | 2.9% | 4.1% | 5.0% |
| NT Diversified Bond Fund | 26.9% | 27.0% | 25.7% | 24.9% | 22.3% |
| Short Duration Inflation Protection Bond Fund | 6.2% | 6.2% | 4.5% | 3.0% | 1.5% |
| International Bond Fund | 7.1% | 7.1% | 6.0% | 5.1% | 2.5% |
| Total Fixed Income | 45.5% | 45.6% | 42.9% | 40.6% | 34.5% |
| Premium Money Market Fund | 10.0% | 10.1% | 7.6% | 5.0% | 5.0% |
| Other Assets and Liabilities | —(2) | —(2) | —(2) | —(2) | —(2) |
| |
| (1) | Underlying fund investments represent R6 Class for all funds, except Institutional Class for NT Core Equity Plus Fund, NT Equity Growth Fund, NT Small Company Fund, Inflation-Adjusted Bond Fund and Investor Class for Premium Money Market Fund. |
| |
| (2) | Category is less than 0.05% of total net assets. |
|
| | | | | |
Underlying Fund Allocations(1) as a % of net assets as of January 31, 2015 |
| | One Choice 2035 Portfolio R6 | One Choice 2040 Portfolio R6 | One Choice 2045 Portfolio R6 | One Choice 2050 Portfolio R6 | One Choice 2055 Portfolio R6 |
| Equity |
| NT Core Equity Plus Fund | 3.2% | 3.4% | 4.2% | 4.4% | 4.5% |
| NT Equity Growth Fund | 9.1% | 9.9% | 10.1% | 10.2% | 10.7% |
| NT Growth Fund | 12.5% | 13.4% | 14.4% | 14.7% | 15.3% |
| NT Heritage Fund | 5.3% | 6.3% | 7.3% | 7.3% | 7.5% |
| NT Large Company Value Fund | 12.4% | 13.4% | 14.4% | 14.9% | 15.4% |
| NT Mid Cap Value Fund | 5.2% | 6.2% | 7.2% | 7.2% | 7.5% |
| NT Small Company Fund | 4.2% | 4.1% | 4.0% | 4.5% | 4.9% |
| Real Estate Fund | 2.0% | 2.2% | 2.5% | 2.7% | 3.0% |
| NT Emerging Markets Fund | 3.2% | 4.2% | 5.2% | 5.9% | 6.4% |
| NT International Growth Fund | 9.5% | 9.8% | 10.2% | 10.0% | 9.5% |
| Total Equity | 66.6% | 72.9% | 79.5% | 81.8% | 84.7% |
| Fixed Income | | | | | |
| High-Yield Fund | 2.9% | 2.4% | 2.1% | 1.8% | 1.5% |
| Inflation-Adjusted Bond Fund | 5.5% | 4.9% | 4.1% | 3.6% | 3.1% |
| NT Diversified Bond Fund | 19.8% | 17.3% | 14.3% | 12.8% | 10.7% |
| Short Duration Inflation Protection Bond Fund | 0.2% | — | — | — | — |
| Total Fixed Income | 28.4% | 24.6% | 20.5% | 18.2% | 15.3% |
| Premium Money Market Fund | 5.0% | 2.5% | — | — | — |
| Other Assets and Liabilities | —(2) | —(2) | —(2) | —(2) | —(2) |
| |
| (1) | Underlying fund investments represent R6 Class for all funds, except Institutional Class for NT Core Equity Plus Fund, NT Equity Growth Fund, NT Small Company Fund, Inflation-Adjusted Bond Fund and Investor Class for Premium Money Market Fund. |
| |
| (2) | Category is less than 0.05% of total net assets. |
Fund shareholders may incur two types of costs: (1) transaction costs, including sales charges (loads) on purchase payments and redemption/exchange fees; and (2) ongoing costs, including management fees; distribution and service (12b-1) fees; and other fund expenses. This example is intended to help you understand your ongoing costs (in dollars) of investing in your fund and to compare these costs with the ongoing cost of investing in other mutual funds. As a shareholder in the underlying American Century Investments funds, your fund will indirectly bear its pro rata share of the expenses incurred by the underlying funds. These expenses are not included in the fund’s annualized expense ratio or the expenses paid during the period. These expenses are, however, included in the effective expenses paid during the period.
The example is based on an investment of $1,000 made at the beginning of the period and held for the entire period from August 1, 2014 to January 31, 2015.
Actual Expenses
The table provides information about actual account values and actual expenses for each class. You may use the information, together with the amount you invested, to estimate the expenses that you paid over the period. First, identify the share class you own. Then simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number under the heading “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.
Hypothetical Example for Comparison Purposes
The table also provides information about hypothetical account values and hypothetical expenses based on the actual expense ratio of each class of your fund and an assumed rate of return of 5% per year before expenses, which is not the actual return of a fund’s share class. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in your fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads) or redemption/exchange fees. Therefore, the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.
|
| | | | | | |
| | Beginning
Account Value
8/1/14 | Ending
Account Value
1/31/15 | Expenses Paid
During Period(1)8/1/14 - 1/31/15 | Annualized
Expense Ratio(1) | Effective
Expenses
Paid During
Period(2)8/1/14 - 1/31/15 | Effective
Annualized
Expense
Ratio(2) |
| One Choice In Retirement Portfolio R6 | | | |
| Actual | | | | | | |
| R6 Class | $1,000 | $1,021.50 | $0.00 | 0.00%(3) | $2.60 | 0.51% |
| Hypothetical | | | | | | |
| R6 Class | $1,000 | $1,025.21 | $0.00 | 0.00%(3) | $2.60 | 0.51% |
| One Choice 2015 Portfolio R6 | | | |
| Actual | | | | | | |
| R6 Class | $1,000 | $1,021.90 | $0.00 | 0.00%(3) | $2.60 | 0.51% |
| Hypothetical | | | | | | |
| R6 Class | $1,000 | $1,025.21 | $0.00 | 0.00%(3) | $2.60 | 0.51% |
| One Choice 2020 Portfolio R6 | | | | |
| Actual | | | | | | |
| R6 Class | $1,000 | $1,023.50 | $0.00 | 0.00%(3) | $2.75 | 0.54% |
| Hypothetical | | | | | | |
| R6 Class | $1,000 | $1,025.21 | $0.00 | 0.00%(3) | $2.75 | 0.54% |
| One Choice 2025 Portfolio R6 | | |
| Actual | | | | | | |
| R6 Class | $1,000 | $1,025.90 | $0.00 | 0.00%(3) | $2.96 | 0.58% |
| Hypothetical | | | | | | |
| R6 Class | $1,000 | $1,025.21 | $0.00 | 0.00%(3) | $2.96 | 0.58% |
| One Choice 2030 Portfolio R6 | | | | |
| Actual | | | | | | |
| R6 Class | $1,000 | $1,029.10 | $0.00 | 0.00%(3) | $3.02 | 0.59% |
| Hypothetical | | | | | | |
| R6 Class | $1,000 | $1,025.21 | $0.00 | 0.00%(3) | $3.01 | 0.59% |
| |
| (1) | Expenses are equal to the class's annualized expense ratio listed in the table above, multiplied by the average account value over the period, multiplied by 184, the number of days in the most recent fiscal half-year, divided by 365, to reflect the one-half year period. The fees and expenses of the underlying American Century Investments funds in which the fund invests are not included in the class's annualized expense ratio. |
| |
| (2) | Effective expenses reflect the sum of expenses borne directly by the class plus the fund's pro rata share of the weighted average expense ratio of the underlying funds in which it invests. The effective annualized expense ratio combines the class's annualized expense ratio and the annualized weighted average expense ratio of the underlying funds. The annualized weighted average expense ratio of the underlying funds for the one-half year period reflects the actual expense ratio of each underlying fund from its most recent shareholder report, annualized and weighted for the fund's relative average investment therein during the period. |
| |
| (3) | Other expenses, which include directors' fees and expenses, did not exceed 0.005%. |
|
| | | | | | |
| | Beginning
Account Value
8/1/14 | Ending
Account Value
1/31/15 | Expenses Paid
During Period(1)8/1/14 - 1/31/15 | Annualized
Expense Ratio(1) | Effective
Expenses
Paid During
Period(2)8/1/14 - 1/31/15 | Effective
Annualized
Expense
Ratio(2) |
| One Choice 2035 Portfolio R6 | | | |
| Actual | | | | | | |
| R6 Class | $1,000 | $1,031.70 | $0.00 | 0.00%(3) | $3.07 | 0.60% |
| Hypothetical | | | | | | |
| R6 Class | $1,000 | $1,025.21 | $0.00 | 0.00%(3) | $3.06 | 0.60% |
| One Choice 2040 Portfolio R6 | | | | |
| Actual | | | | | | |
| R6 Class | $1,000 | $1,032.20 | $0.00 | 0.00%(3) | $3.18 | 0.62% |
| Hypothetical | | | | | | |
| R6 Class | $1,000 | $1,025.21 | $0.00 | 0.00%(3) | $3.16 | 0.62% |
| One Choice 2045 Portfolio R6 | | |
| Actual | | | | | | |
| R6 Class | $1,000 | $1,033.50 | $0.00 | 0.00%(3) | $3.33 | 0.65% |
| Hypothetical | | | | | | |
| R6 Class | $1,000 | $1,025.21 | $0.00 | 0.00%(3) | $3.31 | 0.65% |
| One Choice 2050 Portfolio R6 | | | | |
| Actual | | | | | | |
| R6 Class | $1,000 | $1,032.90 | $0.00 | 0.00%(3) | $3.38 | 0.66% |
| Hypothetical | | | | | | |
| R6 Class | $1,000 | $1,025.21 | $0.00 | 0.00%(3) | $3.36 | 0.66% |
| One Choice 2055 Portfolio R6 | | | |
| Actual | | | | | | |
| R6 Class | $1,000 | $1,033.10 | $0.00 | 0.00%(3) | $3.38 | 0.66% |
| Hypothetical | | | | | | |
| R6 Class | $1,000 | $1,025.21 | $0.00 | 0.00%(3) | $3.36 | 0.66% |
| |
| (1) | Expenses are equal to the class's annualized expense ratio listed in the table above, multiplied by the average account value over the period, multiplied by 184, the number of days in the most recent fiscal half-year, divided by 365, to reflect the one-half year period. The fees and expenses of the underlying American Century Investments funds in which the fund invests are not included in the class's annualized expense ratio. |
| |
| (2) | Effective expenses reflect the sum of expenses borne directly by the class plus the fund's pro rata share of the weighted average expense ratio of the underlying funds in which it invests. The effective annualized expense ratio combines the class's annualized expense ratio and the annualized weighted average expense ratio of the underlying funds. The annualized weighted average expense ratio of the underlying funds for the one-half year period reflects the actual expense ratio of each underlying fund from its most recent shareholder report, annualized and weighted for the fund's relative average investment therein during the period. |
| |
| (3) | Other expenses, which include directors' fees and expenses, did not exceed 0.005%. |
JANUARY 31, 2015 (UNAUDITED)
One Choice In Retirement Portfolio R6
|
| | | | | |
| | Shares | Value |
MUTUAL FUNDS(1) — 100.0% | | |
| Domestic Equity Funds — 39.6% | | |
| NT Core Equity Plus Fund Institutional Class | 44,757 |
| $ | 635,555 |
|
| NT Equity Growth Fund Institutional Class | 177,959 |
| 2,126,611 |
|
| NT Growth Fund R6 Class | 95,547 |
| 1,382,566 |
|
| NT Heritage Fund R6 Class | 41,145 |
| 536,948 |
|
| NT Large Company Value Fund R6 Class | 198,561 |
| 2,339,044 |
|
| NT Mid Cap Value Fund R6 Class | 68,979 |
| 849,827 |
|
| NT Small Company Fund Institutional Class | 44,345 |
| 421,275 |
|
| Real Estate Fund R6 Class | 6,656 |
| 211,806 |
|
| | | 8,503,632 |
|
| Domestic Fixed Income Funds — 38.4% | | |
| High-Yield Fund R6 Class | 140,659 |
| 825,667 |
|
| Inflation-Adjusted Bond Fund Institutional Class | 27,455 |
| 328,641 |
|
| NT Diversified Bond Fund R6 Class | 520,355 |
| 5,781,141 |
|
| Short Duration Inflation Protection Bond Fund R6 Class | 130,119 |
| 1,322,010 |
|
| | | 8,257,459 |
|
| Money Market Funds — 10.0% | | |
| Premium Money Market Fund Investor Class | 2,157,626 |
| 2,157,626 |
|
| International Fixed Income Funds — 7.1% | | |
| International Bond Fund R6 Class | 117,956 |
| 1,514,550 |
|
| International Equity Funds — 4.9% | | |
| NT International Growth Fund R6 Class | 98,581 |
| 1,059,749 |
|
TOTAL INVESTMENT SECURITIES — 100.0% (Cost $21,695,939) | | 21,493,016 |
|
OTHER ASSETS AND LIABILITIES† | | (12 | ) |
| TOTAL NET ASSETS — 100.0% | | $ | 21,493,004 |
|
|
|
| NOTES TO SCHEDULE OF INVESTMENTS |
| |
| † | Category is less than 0.05% of total net assets. |
| |
| (1) | Investments are funds within the American Century Investments family of funds and are considered affiliated funds. |
See Notes to Financial Statements.
JANUARY 31, 2015 (UNAUDITED)
One Choice 2015 Portfolio R6
|
| | | | | |
| | Shares | Value |
MUTUAL FUNDS(1) — 100.0% | | |
| Domestic Equity Funds — 39.3% | | |
| NT Core Equity Plus Fund Institutional Class | 99,541 |
| $ | 1,413,476 |
|
| NT Equity Growth Fund Institutional Class | 395,372 |
| 4,724,690 |
|
| NT Growth Fund R6 Class | 213,912 |
| 3,095,314 |
|
| NT Heritage Fund R6 Class | 92,421 |
| 1,206,099 |
|
| NT Large Company Value Fund R6 Class | 442,196 |
| 5,209,065 |
|
| NT Mid Cap Value Fund R6 Class | 154,420 |
| 1,902,452 |
|
| NT Small Company Fund Institutional Class | 100,098 |
| 950,935 |
|
| Real Estate Fund R6 Class | 14,993 |
| 477,077 |
|
| | | 18,979,108 |
|
| Domestic Fixed Income Funds — 38.5% | | |
| High-Yield Fund R6 Class | 316,459 |
| 1,857,614 |
|
| Inflation-Adjusted Bond Fund Institutional Class | 61,737 |
| 738,990 |
|
| NT Diversified Bond Fund R6 Class | 1,172,539 |
| 13,026,909 |
|
| Short Duration Inflation Protection Bond Fund R6 Class | 293,473 |
| 2,981,685 |
|
| | | 18,605,198 |
|
| Money Market Funds — 10.1% | | |
| Premium Money Market Fund Investor Class | 4,862,680 |
| 4,862,680 |
|
| International Fixed Income Funds — 7.1% | | |
| International Bond Fund R6 Class | 265,834 |
| 3,413,305 |
|
| International Equity Funds — 5.0% | | |
| NT International Growth Fund R6 Class | 224,041 |
| 2,408,439 |
|
TOTAL INVESTMENT SECURITIES — 100.0% (Cost $48,851,153) | | 48,268,730 |
|
OTHER ASSETS AND LIABILITIES† | | (25 | ) |
| TOTAL NET ASSETS — 100.0% | | $ | 48,268,705 |
|
|
|
| NOTES TO SCHEDULE OF INVESTMENTS |
| |
| † | Category is less than 0.05% of total net assets. |
| |
| (1) | Investments are funds within the American Century Investments family of funds and are considered affiliated funds. |
See Notes to Financial Statements.
JANUARY 31, 2015 (UNAUDITED)
One Choice 2020 Portfolio R6
|
| | | | | |
| | Shares | Value |
MUTUAL FUNDS(1) — 100.0% | | |
| Domestic Equity Funds — 42.8% | | |
| NT Core Equity Plus Fund Institutional Class | 165,451 |
| $ | 2,349,397 |
|
| NT Equity Growth Fund Institutional Class | 640,429 |
| 7,653,127 |
|
| NT Growth Fund R6 Class | 423,949 |
| 6,134,549 |
|
| NT Heritage Fund R6 Class | 215,083 |
| 2,806,836 |
|
| NT Large Company Value Fund R6 Class | 750,236 |
| 8,837,777 |
|
| NT Mid Cap Value Fund R6 Class | 304,809 |
| 3,755,251 |
|
| NT Small Company Fund Institutional Class | 166,294 |
| 1,579,796 |
|
| Real Estate Fund R6 Class | 31,151 |
| 991,229 |
|
| | | 34,107,962 |
|
| Domestic Fixed Income Funds — 36.9% | | |
| High-Yield Fund R6 Class | 512,164 |
| 3,006,405 |
|
| Inflation-Adjusted Bond Fund Institutional Class | 194,859 |
| 2,332,466 |
|
| NT Diversified Bond Fund R6 Class | 1,845,636 |
| 20,505,016 |
|
| Short Duration Inflation Protection Bond Fund R6 Class | 355,220 |
| 3,609,033 |
|
| | | 29,452,920 |
|
| Money Market Funds — 7.6% | | |
| Premium Money Market Fund Investor Class | 6,047,927 |
| 6,047,927 |
|
| International Equity Funds — 6.7% | | |
| NT Emerging Markets Fund R6 Class | 74,925 |
| 785,209 |
|
| NT International Growth Fund R6 Class | 423,791 |
| 4,555,750 |
|
| | | 5,340,959 |
|
| International Fixed Income Funds — 6.0% | | |
| International Bond Fund R6 Class | 375,942 |
| 4,827,098 |
|
TOTAL INVESTMENT SECURITIES — 100.0% (Cost $80,705,319) | | 79,776,866 |
|
OTHER ASSETS AND LIABILITIES† | | (38 | ) |
| TOTAL NET ASSETS — 100.0% | | $ | 79,776,828 |
|
|
|
| NOTES TO SCHEDULE OF INVESTMENTS |
| |
| † | Category is less than 0.05% of total net assets. |
| |
| (1) | Investments are funds within the American Century Investments family of funds and are considered affiliated funds. |
See Notes to Financial Statements.
JANUARY 31, 2015 (UNAUDITED)
One Choice 2025 Portfolio R6
|
| | | | | |
| | Shares | Value |
MUTUAL FUNDS(1) — 100.0% | | |
| Domestic Equity Funds — 45.5% | | |
| NT Core Equity Plus Fund Institutional Class | 195,299 |
| $ | 2,773,240 |
|
| NT Equity Growth Fund Institutional Class | 722,763 |
| 8,637,012 |
|
| NT Growth Fund R6 Class | 565,035 |
| 8,176,055 |
|
| NT Heritage Fund R6 Class | 326,062 |
| 4,255,114 |
|
| NT Large Company Value Fund R6 Class | 892,301 |
| 10,511,303 |
|
| NT Mid Cap Value Fund R6 Class | 416,514 |
| 5,131,457 |
|
| NT Small Company Fund Institutional Class | 220,720 |
| 2,096,839 |
|
| Real Estate Fund R6 Class | 44,104 |
| 1,403,392 |
|
| | | 42,984,412 |
|
| Domestic Fixed Income Funds — 35.5% | | |
| High-Yield Fund R6 Class | 571,763 |
| 3,356,250 |
|
| Inflation-Adjusted Bond Fund Institutional Class | 327,094 |
| 3,915,318 |
|
| NT Diversified Bond Fund R6 Class | 2,116,224 |
| 23,511,243 |
|
| Short Duration Inflation Protection Bond Fund R6 Class | 278,491 |
| 2,829,468 |
|
| | | 33,612,279 |
|
| International Equity Funds — 8.9% | | |
| NT Emerging Markets Fund R6 Class | 198,971 |
| 2,085,219 |
|
| NT International Growth Fund R6 Class | 589,459 |
| 6,336,685 |
|
| | | 8,421,904 |
|
| International Fixed Income Funds — 5.1% | | |
| International Bond Fund R6 Class | 371,944 |
| 4,775,762 |
|
| Money Market Funds — 5.0% | | |
| Premium Money Market Fund Investor Class | 4,770,619 |
| 4,770,619 |
|
TOTAL INVESTMENT SECURITIES — 100.0% (Cost $95,717,452) | | 94,564,976 |
|
OTHER ASSETS AND LIABILITIES† | | (46 | ) |
| TOTAL NET ASSETS — 100.0% | | $ | 94,564,930 |
|
|
|
| NOTES TO SCHEDULE OF INVESTMENTS |
| |
| † | Category is less than 0.05% of total net assets. |
| |
| (1) | Investments are funds within the American Century Investments family of funds and are considered affiliated funds. |
See Notes to Financial Statements.
JANUARY 31, 2015 (UNAUDITED)
One Choice 2030 Portfolio R6
|
| | | | | |
| | Shares | Value |
MUTUAL FUNDS(1) — 100.0% | | |
| Domestic Equity Funds — 49.6% | | |
| NT Core Equity Plus Fund Institutional Class | 183,114 |
| $ | 2,600,221 |
|
| NT Equity Growth Fund Institutional Class | 620,961 |
| 7,420,480 |
|
| NT Growth Fund R6 Class | 586,771 |
| 8,490,574 |
|
| NT Heritage Fund R6 Class | 312,099 |
| 4,072,893 |
|
| NT Large Company Value Fund R6 Class | 800,905 |
| 9,434,661 |
|
| NT Mid Cap Value Fund R6 Class | 342,815 |
| 4,223,475 |
|
| NT Small Company Fund Institutional Class | 273,243 |
| 2,595,813 |
|
| Real Estate Fund R6 Class | 44,065 |
| 1,402,134 |
|
| | | 40,240,251 |
|
| Domestic Fixed Income Funds — 32.0% | | |
| High-Yield Fund R6 Class | 442,758 |
| 2,598,987 |
|
| Inflation-Adjusted Bond Fund Institutional Class | 336,011 |
| 4,022,055 |
|
| NT Diversified Bond Fund R6 Class | 1,631,887 |
| 18,130,261 |
|
| Short Duration Inflation Protection Bond Fund R6 Class | 117,843 |
| 1,197,286 |
|
| | | 25,948,589 |
|
| International Equity Funds — 10.9% | | |
| NT Emerging Markets Fund R6 Class | 209,618 |
| 2,196,795 |
|
| NT International Growth Fund R6 Class | 617,593 |
| 6,639,130 |
|
| | | 8,835,925 |
|
| Money Market Funds — 5.0% | | |
| Premium Money Market Fund Investor Class | 4,101,150 |
| 4,101,150 |
|
| International Fixed Income Funds — 2.5% | | |
| International Bond Fund R6 Class | 159,376 |
| 2,046,388 |
|
TOTAL INVESTMENT SECURITIES — 100.0% (Cost $82,170,379) | | 81,172,303 |
|
OTHER ASSETS AND LIABILITIES† | | (36 | ) |
| TOTAL NET ASSETS — 100.0% | | $ | 81,172,267 |
|
|
|
| NOTES TO SCHEDULE OF INVESTMENTS |
| |
| † | Category is less than 0.05% of total net assets. |
| |
| (1) | Investments are funds within the American Century Investments family of funds and are considered affiliated funds. |
See Notes to Financial Statements.
JANUARY 31, 2015 (UNAUDITED)
One Choice 2035 Portfolio R6
|
| | | | | |
| | Shares | Value |
MUTUAL FUNDS(1) — 100.0% | | |
| Domestic Equity Funds — 53.9% | | |
| NT Core Equity Plus Fund Institutional Class | 162,370 |
| $ | 2,305,654 |
|
| NT Equity Growth Fund Institutional Class | 549,109 |
| 6,561,857 |
|
| NT Growth Fund R6 Class | 618,306 |
| 8,946,890 |
|
| NT Heritage Fund R6 Class | 288,961 |
| 3,770,944 |
|
| NT Large Company Value Fund R6 Class | 752,911 |
| 8,869,296 |
|
| NT Mid Cap Value Fund R6 Class | 302,314 |
| 3,724,511 |
|
| NT Small Company Fund Institutional Class | 314,878 |
| 2,991,344 |
|
| Real Estate Fund R6 Class | 44,539 |
| 1,417,246 |
|
| | | 38,587,742 |
|
| Domestic Fixed Income Funds — 28.4% | | |
| High-Yield Fund R6 Class | 346,562 |
| 2,034,318 |
|
| Inflation-Adjusted Bond Fund Institutional Class | 329,940 |
| 3,949,378 |
|
| NT Diversified Bond Fund R6 Class | 1,277,061 |
| 14,188,151 |
|
| Short Duration Inflation Protection Bond Fund R6 Class | 14,285 |
| 145,136 |
|
| | | 20,316,983 |
|
| International Equity Funds — 12.7% | | |
| NT Emerging Markets Fund R6 Class | 218,122 |
| 2,285,914 |
|
| NT International Growth Fund R6 Class | 631,203 |
| 6,785,437 |
|
| | | 9,071,351 |
|
| Money Market Funds — 5.0% | | |
| Premium Money Market Fund Investor Class | 3,615,920 |
| 3,615,920 |
|
TOTAL INVESTMENT SECURITIES — 100.0% (Cost $72,735,083) | | 71,591,996 |
|
OTHER ASSETS AND LIABILITIES† | | (28 | ) |
| TOTAL NET ASSETS — 100.0% | | $ | 71,591,968 |
|
|
|
| NOTES TO SCHEDULE OF INVESTMENTS |
| |
| † | Category is less than 0.05% of total net assets. |
| |
| (1) | Investments are funds within the American Century Investments family of funds and are considered affiliated funds. |
See Notes to Financial Statements.
JANUARY 31, 2015 (UNAUDITED)
One Choice 2040 Portfolio R6
|
| | | | | |
| | Shares | Value |
MUTUAL FUNDS(1) — 100.0% | | |
| Domestic Equity Funds — 58.9% | | |
| NT Core Equity Plus Fund Institutional Class | 122,283 |
| $ | 1,736,417 |
|
| NT Equity Growth Fund Institutional Class | 418,236 |
| 4,997,924 |
|
| NT Growth Fund R6 Class | 467,763 |
| 6,768,534 |
|
| NT Heritage Fund R6 Class | 243,062 |
| 3,171,961 |
|
| NT Large Company Value Fund R6 Class | 573,744 |
| 6,758,707 |
|
| NT Mid Cap Value Fund R6 Class | 253,770 |
| 3,126,451 |
|
| NT Small Company Fund Institutional Class | 218,562 |
| 2,076,337 |
|
| Real Estate Fund R6 Class | 35,497 |
| 1,129,500 |
|
| | | 29,765,831 |
|
| Domestic Fixed Income Funds — 24.6% | | |
| High-Yield Fund R6 Class | 210,580 |
| 1,236,104 |
|
| Inflation-Adjusted Bond Fund Institutional Class | 208,569 |
| 2,496,572 |
|
| NT Diversified Bond Fund R6 Class | 785,181 |
| 8,723,364 |
|
| | | 12,456,040 |
|
| International Equity Funds — 14.0% | | |
| NT Emerging Markets Fund R6 Class | 201,558 |
| 2,112,323 |
|
| NT International Growth Fund R6 Class | 459,733 |
| 4,942,126 |
|
| | | 7,054,449 |
|
| Money Market Funds — 2.5% | | |
| Premium Money Market Fund Investor Class | 1,280,556 |
| 1,280,556 |
|
TOTAL INVESTMENT SECURITIES — 100.0% (Cost $51,420,637) | | 50,556,876 |
|
OTHER ASSETS AND LIABILITIES† | | 310 |
|
| TOTAL NET ASSETS — 100.0% | | $ | 50,557,186 |
|
|
|
| NOTES TO SCHEDULE OF INVESTMENTS |
| |
| † | Category is less than 0.05% of total net assets. |
| |
| (1) | Investments are funds within the American Century Investments family of funds and are considered affiliated funds. |
See Notes to Financial Statements.
JANUARY 31, 2015 (UNAUDITED)
One Choice 2045 Portfolio R6
|
| | | | | |
| | Shares | Value |
MUTUAL FUNDS(1) — 100.0% | | |
| Domestic Equity Funds — 64.1% | | |
| NT Core Equity Plus Fund Institutional Class | 123,765 |
| $ | 1,757,463 |
|
| NT Equity Growth Fund Institutional Class | 356,781 |
| 4,263,539 |
|
| NT Growth Fund R6 Class | 419,067 |
| 6,063,903 |
|
| NT Heritage Fund R6 Class | 234,982 |
| 3,066,519 |
|
| NT Large Company Value Fund R6 Class | 513,812 |
| 6,052,702 |
|
| NT Mid Cap Value Fund R6 Class | 245,768 |
| 3,027,856 |
|
| NT Small Company Fund Institutional Class | 175,281 |
| 1,665,169 |
|
| Real Estate Fund R6 Class | 32,902 |
| 1,046,951 |
|
| | | 26,944,102 |
|
| Domestic Fixed Income Funds — 20.5% | | |
| High-Yield Fund R6 Class | 146,209 |
| 858,249 |
|
| Inflation-Adjusted Bond Fund Institutional Class | 144,427 |
| 1,728,793 |
|
| NT Diversified Bond Fund R6 Class | 540,542 |
| 6,005,423 |
|
| | | 8,592,465 |
|
| International Equity Funds — 15.4% | | |
| NT Emerging Markets Fund R6 Class | 207,745 |
| 2,177,168 |
|
| NT International Growth Fund R6 Class | 401,154 |
| 4,312,404 |
|
| | | 6,489,572 |
|
TOTAL INVESTMENT SECURITIES — 100.0% (Cost $42,704,543) | | 42,026,139 |
|
OTHER ASSETS AND LIABILITIES† | | (12 | ) |
| TOTAL NET ASSETS — 100.0% | | $ | 42,026,127 |
|
|
|
| NOTES TO SCHEDULE OF INVESTMENTS |
| |
| † | Category is less than 0.05% of total net assets. |
| |
| (1) | Investments are funds within the American Century Investments family of funds and are considered affiliated funds. |
See Notes to Financial Statements.
JANUARY 31, 2015 (UNAUDITED)
One Choice 2050 Portfolio R6
|
| | | | | |
| | Shares | Value |
MUTUAL FUNDS(1) — 100.0% | | |
| Domestic Equity Funds — 65.9% | | |
| NT Core Equity Plus Fund Institutional Class | 81,692 |
| $ | 1,160,027 |
|
| NT Equity Growth Fund Institutional Class | 222,645 |
| 2,660,605 |
|
| NT Growth Fund R6 Class | 265,749 |
| 3,845,387 |
|
| NT Heritage Fund R6 Class | 146,826 |
| 1,916,074 |
|
| NT Large Company Value Fund R6 Class | 331,173 |
| 3,901,221 |
|
| NT Mid Cap Value Fund R6 Class | 153,253 |
| 1,888,072 |
|
| NT Small Company Fund Institutional Class | 123,466 |
| 1,172,930 |
|
| Real Estate Fund R6 Class | 22,594 |
| 718,956 |
|
| | | 17,263,272 |
|
| Domestic Fixed Income Funds — 18.2% | | |
| High-Yield Fund R6 Class | 79,760 |
| 468,191 |
|
| Inflation-Adjusted Bond Fund Institutional Class | 78,759 |
| 942,749 |
|
| NT Diversified Bond Fund R6 Class | 302,218 |
| 3,357,642 |
|
| | | 4,768,582 |
|
| International Equity Funds — 15.9% | | |
| NT Emerging Markets Fund R6 Class | 148,024 |
| 1,551,293 |
|
| NT International Growth Fund R6 Class | 243,681 |
| 2,619,569 |
|
| | | 4,170,862 |
|
TOTAL INVESTMENT SECURITIES — 100.0% (Cost $26,665,708) | | 26,202,716 |
|
OTHER ASSETS AND LIABILITIES† | | (6 | ) |
| TOTAL NET ASSETS — 100.0% | | $ | 26,202,710 |
|
|
|
| NOTES TO SCHEDULE OF INVESTMENTS |
| |
| † | Category is less than 0.05% of total net assets. |
| |
| (1) | Investments are funds within the American Century Investments family of funds and are considered affiliated funds. |
See Notes to Financial Statements.
JANUARY 31, 2015 (UNAUDITED)
One Choice 2055 Portfolio R6
|
| | | | | |
| | Shares | Value |
MUTUAL FUNDS(1) — 100.0% | | |
| Domestic Equity Funds — 68.8% | | |
| NT Core Equity Plus Fund Institutional Class | 35,930 |
| $ | 510,206 |
|
| NT Equity Growth Fund Institutional Class | 102,322 |
| 1,222,746 |
|
| NT Growth Fund R6 Class | 120,459 |
| 1,743,039 |
|
| NT Heritage Fund R6 Class | 65,942 |
| 860,544 |
|
| NT Large Company Value Fund R6 Class | 149,724 |
| 1,763,743 |
|
| NT Mid Cap Value Fund R6 Class | 69,272 |
| 853,425 |
|
| NT Small Company Fund Institutional Class | 59,275 |
| 563,108 |
|
| Real Estate Fund R6 Class | 10,612 |
| 337,666 |
|
| | | 7,854,477 |
|
| International Equity Funds — 15.9% | | |
| NT Emerging Markets Fund R6 Class | 70,129 |
| 734,948 |
|
| NT International Growth Fund R6 Class | 100,559 |
| 1,081,014 |
|
| | | 1,815,962 |
|
| Domestic Fixed Income Funds — 15.3% | | |
| High-Yield Fund R6 Class | 29,664 |
| 174,125 |
|
| Inflation-Adjusted Bond Fund Institutional Class | 29,334 |
| 351,127 |
|
| NT Diversified Bond Fund R6 Class | 110,053 |
| 1,222,692 |
|
| | | 1,747,944 |
|
TOTAL INVESTMENT SECURITIES — 100.0% (Cost $11,618,067) | | 11,418,383 |
|
OTHER ASSETS AND LIABILITIES† | | (2 | ) |
| TOTAL NET ASSETS — 100.0% | | $ | 11,418,381 |
|
|
|
| NOTES TO SCHEDULE OF INVESTMENTS |
| |
| † | Category is less than 0.05% of total net assets. |
| |
| (1) | Investments are funds within the American Century Investments family of funds and are considered affiliated funds. |
See Notes to Financial Statements.
|
|
| Statements of Assets and Liabilities |
|
| | | | | | | | | |
| JANUARY 31, 2015 (UNAUDITED) |
| | One Choice In Retirement Portfolio R6 | One Choice 2015 Portfolio R6 | One Choice 2020 Portfolio R6 |
| Assets |
| Investment securities in affiliates, at value (cost of $21,695,939, $48,851,153 and $80,705,319, respectively) | $ | 21,493,016 |
| $ | 48,268,730 |
| $ | 79,776,866 |
|
| Receivable for investments sold | — |
| 8,349 |
| — |
|
| Receivable for capital shares sold | 61,740 |
| 14,079 |
| 51,714 |
|
| Distributions receivable from affiliates | 11,512 |
| 23,082 |
| 37,272 |
|
| | 21,566,268 |
| 48,314,240 |
| 79,865,852 |
|
| | | | |
| Liabilities | | | |
| Payable for investments purchased | 72,622 |
| 23,107 |
| 69,768 |
|
| Payable for capital shares redeemed | 642 |
| 22,428 |
| 19,256 |
|
| | 73,264 |
| 45,535 |
| 89,024 |
|
| | | | |
| Net Assets | $ | 21,493,004 |
| $ | 48,268,705 |
| $ | 79,776,828 |
|
| | | | |
| R6 Class Capital Shares, $0.01 Par Value | | | |
| Shares outstanding | 2,030,929 |
| 4,524,704 |
| 7,452,972 |
|
| | | | |
| Net Asset Value Per Share | $ | 10.58 |
| $ | 10.67 |
| $ | 10.70 |
|
| | | | |
| Net Assets Consist of: | | | |
| Capital (par value and paid-in surplus) | $ | 21,247,924 |
| $ | 47,903,257 |
| $ | 79,053,966 |
|
| Undistributed net investment income | 11,741 |
| 23,542 |
| 38,244 |
|
| Undistributed net realized gain | 436,262 |
| 924,329 |
| 1,613,071 |
|
| Net unrealized depreciation | (202,923 | ) | (582,423 | ) | (928,453 | ) |
| | $ | 21,493,004 |
| $ | 48,268,705 |
| $ | 79,776,828 |
|
See Notes to Financial Statements.
|
| | | | | | | | | |
| JANUARY 31, 2015 (UNAUDITED) |
| | One Choice 2025 Portfolio R6 | One Choice 2030 Portfolio R6 | One Choice 2035 Portfolio R6 |
| Assets |
| Investment securities in affiliates, at value (cost of $95,717,452, $82,170,379 and $72,735,083, respectively) | $ | 94,564,976 |
| $ | 81,172,303 |
| $ | 71,591,996 |
|
| Receivable for capital shares sold | 81,541 |
| 60,914 |
| 80,133 |
|
| Distributions receivable from affiliates | 38,689 |
| 31,767 |
| 26,104 |
|
| | 94,685,206 |
| 81,264,984 |
| 71,698,233 |
|
| | | | |
| Liabilities | | | |
| Payable for investments purchased | 120,222 |
| 77,088 |
| 78,880 |
|
| Payable for capital shares redeemed | 54 |
| 15,629 |
| 27,385 |
|
| | 120,276 |
| 92,717 |
| 106,265 |
|
| | | | |
| Net Assets | $ | 94,564,930 |
| $ | 81,172,267 |
| $ | 71,591,968 |
|
| | | | |
| R6 Class Capital Shares, $0.01 Par Value | | | |
| Shares outstanding | 8,715,031 |
| 7,445,422 |
| 6,512,283 |
|
| | | | |
| Net Asset Value Per Share | $ | 10.85 |
| $ | 10.90 |
| $ | 10.99 |
|
| | | | |
| Net Assets Consist of: | | | |
| Capital (par value and paid-in surplus) | $ | 93,772,593 |
| $ | 80,155,306 |
| $ | 70,672,486 |
|
| Undistributed net investment income | 39,569 |
| 32,526 |
| 26,588 |
|
| Undistributed net realized gain | 1,905,244 |
| 1,982,511 |
| 2,035,981 |
|
| Net unrealized depreciation | (1,152,476 | ) | (998,076 | ) | (1,143,087 | ) |
| | $ | 94,564,930 |
| $ | 81,172,267 |
| $ | 71,591,968 |
|
See Notes to Financial Statements.
|
| | | | | | | | | |
| JANUARY 31, 2015 (UNAUDITED) |
| | One Choice 2040 Portfolio R6 | One Choice 2045 Portfolio R6 | One Choice 2050 Portfolio R6 |
| Assets |
| Investment securities in affiliates, at value (cost of $51,420,637, $42,704,543 and $26,665,708, respectively) | $ | 50,556,876 |
| $ | 42,026,139 |
| $ | 26,202,716 |
|
| Receivable for investments sold | — |
| 32,509 |
| — |
|
| Receivable for capital shares sold | 97,875 |
| 59,856 |
| 36,209 |
|
| Distributions receivable from affiliates | 17,019 |
| 11,806 |
| 6,889 |
|
| | 50,671,770 |
| 42,130,310 |
| 26,245,814 |
|
| | | | |
| Liabilities | | | |
| Payable for investments purchased | 113,659 |
| 11,818 |
| 43,104 |
|
| Payable for capital shares redeemed | 925 |
| 92,365 |
| — |
|
| | 114,584 |
| 104,183 |
| 43,104 |
|
| | | | |
| Net Assets | $ | 50,557,186 |
| $ | 42,026,127 |
| $ | 26,202,710 |
|
| | | | |
| R6 Class Capital Shares, $0.01 Par Value | | | |
| Shares outstanding | 4,578,590 |
| 3,785,178 |
| 2,360,147 |
|
| | | | |
| Net Asset Value Per Share | $ | 11.04 |
| $ | 11.10 |
| $ | 11.10 |
|
| | | | |
| Net Assets Consist of: | | | |
| Capital (par value and paid-in surplus) | $ | 49,623,941 |
| $ | 41,161,210 |
| $ | 25,556,009 |
|
| Undistributed net investment income | 16,888 |
| 11,831 |
| 6,906 |
|
| Undistributed net realized gain | 1,780,118 |
| 1,531,490 |
| 1,102,787 |
|
| Net unrealized depreciation | (863,761 | ) | (678,404 | ) | (462,992 | ) |
| | $ | 50,557,186 |
| $ | 42,026,127 |
| $ | 26,202,710 |
|
See Notes to Financial Statements.
|
| | | |
| JANUARY 31, 2015 (UNAUDITED) |
| | One Choice 2055 Portfolio R6 |
| Assets |
| Investment securities in affiliates, at value (cost of $11,618,067) | $ | 11,418,383 |
|
| Receivable for capital shares sold | 36,775 |
|
| Distributions receivable from affiliates | 2,590 |
|
| | 11,457,748 |
|
| | |
| Liabilities | |
| Payable for investments purchased | 27,422 |
|
| Payable for capital shares redeemed | 11,945 |
|
| | 39,367 |
|
| | |
| Net Assets | $ | 11,418,381 |
|
| | |
| R6 Class Capital Shares, $0.01 Par Value | |
| Shares outstanding | 1,013,818 |
|
| | |
| Net Asset Value Per Share | $ | 11.26 |
|
| | |
| Net Assets Consist of: | |
| Capital (par value and paid-in surplus) | $ | 11,110,809 |
|
| Undistributed net investment income | 2,580 |
|
| Undistributed net realized gain | 504,676 |
|
| Net unrealized depreciation | (199,684 | ) |
| | $ | 11,418,381 |
|
See Notes to Financial Statements.
|
| | | | | | | | | |
| FOR THE SIX MONTHS ENDED JANUARY 31, 2015 (UNAUDITED) |
| | One Choice In Retirement Portfolio R6 | One Choice 2015 Portfolio R6 | One Choice 2020 Portfolio R6 |
| Investment Income (Loss) | | | |
| Income from Affiliates: | | | |
| Income distributions from underlying funds | $ | 283,933 |
| $ | 605,114 |
| $ | 1,015,814 |
|
| | | | |
| Expenses: | | | |
| Directors' fees and expenses | 259 |
| 558 |
| 929 |
|
| | | | |
| Net investment income (loss) | 283,674 |
| 604,556 |
| 1,014,885 |
|
| | | | |
| Net Realized and Unrealized Gain (Loss) on Affiliates | | | |
| Net realized gain (loss) on: | | | |
| Sale of investments in underlying funds | (38,125 | ) | (35,641 | ) | (81,483 | ) |
| Capital gain distributions received from underlying funds | 497,760 |
| 1,038,675 |
| 1,885,702 |
|
| | 459,635 |
| 1,003,034 |
| 1,804,219 |
|
| | | | |
| Change in net unrealized appreciation (depreciation) on investments in underlying funds | (475,550 | ) | (1,087,601 | ) | (1,835,002 | ) |
| | | | |
| Net realized and unrealized gain (loss) on affiliates | (15,915 | ) | (84,567 | ) | (30,783 | ) |
| | | | |
| Net Increase (Decrease) in Net Assets Resulting from Operations | $ | 267,759 |
| $ | 519,989 |
| $ | 984,102 |
|
See Notes to Financial Statements.
|
| | | | | | | | | |
| FOR THE SIX MONTHS ENDED JANUARY 31, 2015 (UNAUDITED) |
| | One Choice 2025 Portfolio R6 | One Choice 2030 Portfolio R6 | One Choice 2035 Portfolio R6 |
| Investment Income (Loss) | | | |
| Income from Affiliates: | | | |
| Income distributions from underlying funds | $ | 1,036,105 |
| $ | 950,710 |
| $ | 884,558 |
|
| | | | |
| Expenses: | | | |
| Directors' fees and expenses | 929 |
| 851 |
| 768 |
|
| | | | |
| Net investment income (loss) | 1,035,176 |
| 949,859 |
| 883,790 |
|
| | | | |
| Net Realized and Unrealized Gain (Loss) on Affiliates | | | |
| Net realized gain (loss) on: | | | |
| Sale of investments in underlying funds | (59,524 | ) | (41,297 | ) | (74,095 | ) |
| Capital gain distributions received from underlying funds | 2,027,313 |
| 2,096,053 |
| 2,143,536 |
|
| | 1,967,789 |
| 2,054,756 |
| 2,069,441 |
|
| | | | |
| Change in net unrealized appreciation (depreciation) on investments in underlying funds | (1,950,070 | ) | (1,897,625 | ) | (1,796,943 | ) |
| | | | |
| Net realized and unrealized gain (loss) on affiliates | 17,719 |
| 157,131 |
| 272,498 |
|
| | | | |
| Net Increase (Decrease) in Net Assets Resulting from Operations | $ | 1,052,895 |
| $ | 1,106,990 |
| $ | 1,156,288 |
|
See Notes to Financial Statements.
|
| | | | | | | | | |
| FOR THE SIX MONTHS ENDED JANUARY 31, 2015 (UNAUDITED) |
| | One Choice 2040 Portfolio R6 | One Choice 2045 Portfolio R6 | One Choice 2050 Portfolio R6 |
| Investment Income (Loss) | | | |
| Income from Affiliates: | | | |
| Income distributions from underlying funds | $ | 732,817 |
| $ | 634,956 |
| $ | 435,266 |
|
| | | | |
| Expenses: | | | |
| Directors' fees and expenses | 627 |
| 519 |
| 371 |
|
| | | | |
| Net investment income (loss) | 732,190 |
| 634,437 |
| 434,895 |
|
| | | | |
| Net Realized and Unrealized Gain (Loss) on Affiliates | | | |
| Net realized gain (loss) on: | | | |
| Sale of investments in underlying funds | (24,103 | ) | (105,550 | ) | (36,548 | ) |
| Capital gain distributions received from underlying funds | 1,835,075 |
| 1,663,561 |
| 1,158,002 |
|
| | 1,810,972 |
| 1,558,011 |
| 1,121,454 |
|
| | | | |
| Change in net unrealized appreciation (depreciation) on investments in underlying funds | (1,472,971 | ) | (1,263,552 | ) | (880,194 | ) |
| | | | |
| Net realized and unrealized gain (loss) on affiliates | 338,001 |
| 294,459 |
| 241,260 |
|
| | | | |
| Net Increase (Decrease) in Net Assets Resulting from Operations | $ | 1,070,191 |
| $ | 928,896 |
| $ | 676,155 |
|
See Notes to Financial Statements.
|
| | | |
| FOR THE SIX MONTHS ENDED JANUARY 31, 2015 (UNAUDITED) |
| | One Choice 2055 Portfolio R6 |
| Investment Income (Loss) | |
| Income from Affiliates: | |
| Income distributions from underlying funds | $ | 192,827 |
|
| | |
| Expenses: | |
| Directors' fees and expenses | 162 |
|
| | |
| Net investment income (loss) | 192,665 |
|
| | |
| Net Realized and Unrealized Gain (Loss) on Affiliates | |
| Net realized gain (loss) on: | |
| Sale of investments in underlying funds | (10,010 | ) |
| Capital gain distributions received from underlying funds | 519,980 |
|
| | 509,970 |
|
| | |
Change in net unrealized appreciation (depreciation) on investments in underlying funds | (406,876 | ) |
| | |
| Net realized and unrealized gain (loss) on affiliates | 103,094 |
|
| | |
| Net Increase (Decrease) in Net Assets Resulting from Operations | $ | 295,759 |
|
See Notes to Financial Statements.
|
|
| Statements of Changes in Net Assets |
|
| | | | | | | | | | | | |
| SIX MONTHS ENDED JANUARY 31, 2015 (UNAUDITED) AND YEAR ENDED JULY 31, 2014 |
| | One Choice In Retirement Portfolio R6 | One Choice 2015 Portfolio R6 |
| Increase (Decrease) in Net Assets | January 31,
2015 | July 31,
2014 | January 31,
2015 | July 31,
2014 |
| Operations | | | | |
| Net investment income (loss) | $ | 283,674 |
| $ | 142,056 |
| $ | 604,556 |
| $ | 221,584 |
|
| Net realized gain (loss) | 459,635 |
| 79,824 |
| 1,003,034 |
| 64,816 |
|
| Change in net unrealized appreciation (depreciation) | (475,550 | ) | 272,627 |
| (1,087,601 | ) | 505,178 |
|
| Net increase (decrease) in net assets resulting from operations | 267,759 |
| 494,507 |
| 519,989 |
| 791,578 |
|
| | | | | |
| Distributions to Shareholders | | | | |
| From net investment income | (282,339 | ) | (131,650 | ) | (709,305 | ) | (93,293 | ) |
| From net realized gains | (103,197 | ) | — |
| (143,521 | ) | — |
|
| Decrease in net assets from distributions | (385,536 | ) | (131,650 | ) | (852,826 | ) | (93,293 | ) |
| | | | | |
| Capital Share Transactions | | | | |
| Proceeds from shares sold | 12,027,670 |
| 13,246,418 |
| 29,338,240 |
| 27,352,174 |
|
| Proceeds from reinvestment of distributions | 384,150 |
| 131,650 |
| 852,826 |
| 93,293 |
|
| Payments for shares redeemed | (2,292,859 | ) | (2,274,105 | ) | (4,121,975 | ) | (5,636,301 | ) |
| Net increase (decrease) in net assets from capital share transactions | 10,118,961 |
| 11,103,963 |
| 26,069,091 |
| 21,809,166 |
|
| | | | | |
| Net increase (decrease) in net assets | 10,001,184 |
| 11,466,820 |
| 25,736,254 |
| 22,507,451 |
|
| | | | | |
| Net Assets | | | | |
| Beginning of period | 11,491,820 |
| 25,000 |
| 22,532,451 |
| 25,000 |
|
| End of period | $ | 21,493,004 |
| $ | 11,491,820 |
| $ | 48,268,705 |
| $ | 22,532,451 |
|
| | | | | |
| Undistributed net investment income | $ | 11,741 |
| $ | 10,406 |
| $ | 23,542 |
| $ | 128,291 |
|
| | | | | |
| Transactions in Shares of the Funds | | | | |
| Sold | 1,126,209 |
| 1,283,610 |
| 2,723,851 |
| 2,630,332 |
|
| Issued in reinvestment of distributions | 35,982 |
| 12,633 |
| 79,259 |
| 9,049 |
|
| Redeemed | (213,359 | ) | (216,646 | ) | (380,596 | ) | (539,691 | ) |
| Net increase (decrease) in shares of the funds | 948,832 |
| 1,079,597 |
| 2,422,514 |
| 2,099,690 |
|
See Notes to Financial Statements.
|
| | | | | | | | | | | | |
| SIX MONTHS ENDED JANUARY 31, 2015 (UNAUDITED) AND YEAR ENDED JULY 31, 2014 |
| | One Choice 2020 Portfolio R6 | One Choice 2025 Portfolio R6 |
| Increase (Decrease) in Net Assets | January 31,
2015 | July 31,
2014 | January 31,
2015 | July 31,
2014 |
| Operations | | | | |
| Net investment income (loss) | $ | 1,014,885 |
| $ | 531,660 |
| $ | 1,035,176 |
| $ | 367,500 |
|
| Net realized gain (loss) | 1,804,219 |
| 235,404 |
| 1,967,789 |
| 181,382 |
|
| Change in net unrealized appreciation (depreciation) | (1,835,002 | ) | 906,549 |
| (1,950,070 | ) | 797,594 |
|
| Net increase (decrease) in net assets resulting from operations | 984,102 |
| 1,673,613 |
| 1,052,895 |
| 1,346,476 |
|
| | | | | |
| Distributions to Shareholders | | | | |
| From net investment income | (1,214,185 | ) | (294,116 | ) | (1,205,349 | ) | (157,758 | ) |
| From net realized gains | (426,552 | ) | — |
| (243,927 | ) | — |
|
| Decrease in net assets from distributions | (1,640,737 | ) | (294,116 | ) | (1,449,276 | ) | (157,758 | ) |
| | | | | |
| Capital Share Transactions | | | | |
| Proceeds from shares sold | 39,954,819 |
| 49,949,965 |
| 57,202,715 |
| 43,877,013 |
|
| Proceeds from reinvestment of distributions | 1,640,737 |
| 294,116 |
| 1,449,276 |
| 157,758 |
|
| Payments for shares redeemed | (3,248,074 | ) | (9,562,597 | ) | (4,455,802 | ) | (4,483,367 | ) |
| Net increase (decrease) in net assets from capital share transactions | 38,347,482 |
| 40,681,484 |
| 54,196,189 |
| 39,551,404 |
|
| | | | | |
| Net increase (decrease) in net assets | 37,690,847 |
| 42,060,981 |
| 53,799,808 |
| 40,740,122 |
|
| | | | | |
| Net Assets | | | | |
| Beginning of period | 42,085,981 |
| 25,000 |
| 40,765,122 |
| 25,000 |
|
| End of period | $ | 79,776,828 |
| $ | 42,085,981 |
| $ | 94,564,930 |
| $ | 40,765,122 |
|
| | | | | |
| Undistributed net investment income | $ | 38,244 |
| $ | 237,544 |
| $ | 39,569 |
| $ | 209,742 |
|
| | | | | |
| Transactions in Shares of the Funds | | | | |
| Sold | 3,691,606 |
| 4,797,115 |
| 5,230,110 |
| 4,168,621 |
|
| Issued in reinvestment of distributions | 151,920 |
| 28,444 |
| 132,354 |
| 15,169 |
|
| Redeemed | (299,344 | ) | (919,269 | ) | (405,568 | ) | (428,155 | ) |
| Net increase (decrease) in shares of the funds | 3,544,182 |
| 3,906,290 |
| 4,956,896 |
| 3,755,635 |
|
See Notes to Financial Statements.
|
| | | | | | | | | | | | |
| SIX MONTHS ENDED JANUARY 31, 2015 (UNAUDITED) AND YEAR ENDED JULY 31, 2014 |
| | One Choice 2030 Portfolio R6 | One Choice 2035 Portfolio R6 |
| Increase (Decrease) in Net Assets | January 31,
2015 | July 31,
2014 | January 31,
2015 | July 31,
2014 |
| Operations | | | | |
| Net investment income (loss) | $ | 949,859 |
| $ | 386,557 |
| $ | 883,790 |
| $ | 313,194 |
|
| Net realized gain (loss) | 2,054,756 |
| 250,873 |
| 2,069,441 |
| 235,337 |
|
| Change in net unrealized appreciation (depreciation) | (1,897,625 | ) | 899,549 |
| (1,796,943 | ) | 653,856 |
|
| Net increase (decrease) in net assets resulting from operations | 1,106,990 |
| 1,536,979 |
| 1,156,288 |
| 1,202,387 |
|
| | | | | |
| Distributions to Shareholders | | | | |
| From net investment income | (1,109,196 | ) | (194,694 | ) | (1,009,531 | ) | (160,865 | ) |
| From net realized gains | (323,118 | ) | — |
| (268,797 | ) | — |
|
| Decrease in net assets from distributions | (1,432,314 | ) | (194,694 | ) | (1,278,328 | ) | (160,865 | ) |
| | | | | |
| Capital Share Transactions | | | | |
| Proceeds from shares sold | 46,883,568 |
| 39,637,910 |
| 41,114,174 |
| 32,425,529 |
|
| Proceeds from reinvestment of distributions | 1,432,314 |
| 194,694 |
| 1,278,328 |
| 160,865 |
|
| Payments for shares redeemed | (3,095,126 | ) | (4,923,054 | ) | (2,131,244 | ) | (2,200,166 | ) |
| Net increase (decrease) in net assets from capital share transactions | 45,220,756 |
| 34,909,550 |
| 40,261,258 |
| 30,386,228 |
|
| | | | | |
| Net increase (decrease) in net assets | 44,895,432 |
| 36,251,835 |
| 40,139,218 |
| 31,427,750 |
|
| | | | | |
| Net Assets | | | | |
| Beginning of period | 36,276,835 |
| 25,000 |
| 31,452,750 |
| 25,000 |
|
| End of period | $ | 81,172,267 |
| $ | 36,276,835 |
| $ | 71,591,968 |
| $ | 31,452,750 |
|
| | | | | |
| Undistributed net investment income | $ | 32,526 |
| $ | 191,863 |
| $ | 26,588 |
| $ | 152,329 |
|
| | | | | |
| Transactions in Shares of the Funds | | | | |
| Sold | 4,263,461 |
| 3,779,280 |
| 3,711,176 |
| 3,065,738 |
|
| Issued in reinvestment of distributions | 130,092 |
| 18,649 |
| 115,061 |
| 15,350 |
|
| Redeemed | (282,102 | ) | (466,458 | ) | (191,572 | ) | (205,970 | ) |
| Net increase (decrease) in shares of the funds | 4,111,451 |
| 3,331,471 |
| 3,634,665 |
| 2,875,118 |
|
See Notes to Financial Statements.
|
| | | | | | | | | | | | |
| SIX MONTHS ENDED JANUARY 31, 2015 (UNAUDITED) AND YEAR ENDED JULY 31, 2014 |
| | One Choice 2040 Portfolio R6 | One Choice 2045 Portfolio R6 |
| Increase (Decrease) in Net Assets | January 31,
2015 | July 31,
2014 | January 31,
2015 | July 31,
2014 |
| Operations | | | | |
| Net investment income (loss) | $ | 732,190 |
| $ | 287,976 |
| $ | 634,437 |
| $ | 226,144 |
|
| Net realized gain (loss) | 1,810,972 |
| 244,858 |
| 1,558,011 |
| 190,627 |
|
| Change in net unrealized appreciation (depreciation) | (1,472,971 | ) | 609,210 |
| (1,263,552 | ) | 585,148 |
|
| Net increase (decrease) in net assets resulting from operations | 1,070,191 |
| 1,142,044 |
| 928,896 |
| 1,001,919 |
|
| | | | | |
| Distributions to Shareholders | | | | |
| From net investment income | (839,684 | ) | (163,594 | ) | (723,825 | ) | (124,925 | ) |
| From net realized gains | (275,712 | ) | — |
| (217,148 | ) | — |
|
| Decrease in net assets from distributions | (1,115,396 | ) | (163,594 | ) | (940,973 | ) | (124,925 | ) |
| | | | | |
| Capital Share Transactions | | | | |
| Proceeds from shares sold | 24,081,750 |
| 28,728,451 |
| 21,572,074 |
| 23,496,563 |
|
| Proceeds from reinvestment of distributions | 1,115,396 |
| 163,594 |
| 940,973 |
| 124,925 |
|
| Payments for shares redeemed | (2,453,910 | ) | (2,036,340 | ) | (3,172,837 | ) | (1,825,488 | ) |
| Net increase (decrease) in net assets from capital share transactions | 22,743,236 |
| 26,855,705 |
| 19,340,210 |
| 21,796,000 |
|
| | | | | |
| Net increase (decrease) in net assets | 22,698,031 |
| 27,834,155 |
| 19,328,133 |
| 22,672,994 |
|
| | | | | |
| Net Assets | | | | |
| Beginning of period | 27,859,155 |
| 25,000 |
| 22,697,994 |
| 25,000 |
|
| End of period | $ | 50,557,186 |
| $ | 27,859,155 |
| $ | 42,026,127 |
| $ | 22,697,994 |
|
| | | | | |
| Undistributed net investment income | $ | 16,888 |
| $ | 124,382 |
| $ | 11,831 |
| $ | 101,219 |
|
| | | | | |
| Transactions in Shares of the Funds | | | | |
| Sold | 2,167,118 |
| 2,702,785 |
| 1,931,544 |
| 2,206,518 |
|
| Issued in reinvestment of distributions | 99,678 |
| 15,536 |
| 83,494 |
| 11,819 |
|
| Redeemed | (219,657 | ) | (189,370 | ) | (281,238 | ) | (169,459 | ) |
| Net increase (decrease) in shares of the funds | 2,047,139 |
| 2,528,951 |
| 1,733,800 |
| 2,048,878 |
|
See Notes to Financial Statements.
|
| | | | | | | | | | | | |
| SIX MONTHS ENDED JANUARY 31, 2015 (UNAUDITED) AND YEAR ENDED JULY 31, 2014 |
| | One Choice 2050 Portfolio R6 | One Choice 2055 Portfolio R6 |
| Increase (Decrease) in Net Assets | January 31,
2015 | July 31,
2014 | January 31,
2015 | July 31,
2014 |
| Operations | | | | |
| Net investment income (loss) | $ | 434,895 |
| $ | 165,635 |
| $ | 192,665 |
| $ | 31,310 |
|
| Net realized gain (loss) | 1,121,454 |
| 144,539 |
| 509,970 |
| 5,741 |
|
| Change in net unrealized appreciation (depreciation) | (880,194 | ) | 417,202 |
| (406,876 | ) | 207,192 |
|
| Net increase (decrease) in net assets resulting from operations | 676,155 |
| 727,376 |
| 295,759 |
| 244,243 |
|
| | | | | |
| Distributions to Shareholders | | | | |
| From net investment income | (498,177 | ) | (95,447 | ) | (216,714 | ) | (4,681 | ) |
| From net realized gains | (163,206 | ) | — |
| (11,035 | ) | — |
|
| Decrease in net assets from distributions | (661,383 | ) | (95,447 | ) | (227,749 | ) | (4,681 | ) |
| | | | | |
| Capital Share Transactions | | | | |
| Proceeds from shares sold | 10,125,491 |
| 17,740,478 |
| 5,081,934 |
| 7,774,153 |
|
| Proceeds from reinvestment of distributions | 661,383 |
| 95,447 |
| 227,749 |
| 4,681 |
|
| Payments for shares redeemed | (1,580,291 | ) | (1,511,499 | ) | (1,167,940 | ) | (834,768 | ) |
| Net increase (decrease) in net assets from capital share transactions | 9,206,583 |
| 16,324,426 |
| 4,141,743 |
| 6,944,066 |
|
| | | | | |
| Net increase (decrease) in net assets | 9,221,355 |
| 16,956,355 |
| 4,209,753 |
| 7,183,628 |
|
| | | | | |
| Net Assets | | | | |
| Beginning of period | 16,981,355 |
| 25,000 |
| 7,208,628 |
| 25,000 |
|
| End of period | $ | 26,202,710 |
| $ | 16,981,355 |
| $ | 11,418,381 |
| $ | 7,208,628 |
|
| | | | | |
| Undistributed net investment income | $ | 6,906 |
| $ | 70,188 |
| $ | 2,580 |
| $ | 26,629 |
|
| | | | | |
| Transactions in Shares of the Funds | | | | |
| Sold | 908,353 |
| 1,662,180 |
| 450,942 |
| 720,089 |
|
| Issued in reinvestment of distributions | 58,633 |
| 9,030 |
| 19,874 |
| 440 |
|
| Redeemed | (140,925 | ) | (139,624 | ) | (103,085 | ) | (76,942 | ) |
| Net increase (decrease) in shares of the funds | 826,061 |
| 1,531,586 |
| 367,731 |
| 643,587 |
|
See Notes to Financial Statements.
|
|
| Notes to Financial Statements |
JANUARY 31, 2015 (UNAUDITED)
1. Organization
American Century Asset Allocation Portfolios, Inc. (the corporation) is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company and is organized as a Maryland corporation. The corporation is authorized to issue 3,000,000,000 shares. One Choice In Retirement Portfolio R6, One Choice 2015 Portfolio R6, One Choice 2020 Portfolio R6, One Choice 2025 Portfolio R6, One Choice 2030 Portfolio R6, One Choice 2035 Portfolio R6, One Choice 2040 Portfolio R6, One Choice 2045 Portfolio R6, One Choice 2050 Portfolio R6 and One Choice 2055 Portfolio R6 (collectively, the funds) are ten funds in a series issued by the corporation. The funds operate as “funds of funds,” meaning substantially all of the funds’ assets will be invested in other American Century Investments mutual funds (the underlying funds). Each fund’s assets are allocated among underlying funds that represent major asset classes, including equity securities (stocks), fixed-income securities (bonds) and cash-equivalent instruments (money markets). The underlying funds do not invest in securities issued by companies assigned the Global Industry Classification Standard for the tobacco industry. The funds are diversified as defined under the 1940 Act. The funds will assume the risks associated with their underlying funds. Additional information and attributes of each underlying fund are available at americancentury.com. The investment objective of One Choice In Retirement Portfolio R6 is to seek current income. Capital appreciation is a secondary objective. The investment objective of each of the nine target date One Choice Portfolios R6 is to seek the highest total return consistent with its asset mix. When a fund reaches its most conservative planned target asset allocation, which is expected to occur on approximately November 30 of the year before the target date, its target asset mix will become fixed and will match that of One Choice In Retirement Portfolio R6.
2. Significant Accounting Policies
The following is a summary of significant accounting policies consistently followed by the funds in preparation of their financial statements. Each fund is an investment company and follows accounting and reporting guidance in accordance with accounting principles generally accepted in the United States of America. This may require management to make certain estimates and assumptions at the date of the financial statements. Actual results could differ from these estimates. Management evaluated the impact of events or transactions occurring through the date the financial statements were issued that would merit recognition or disclosure.
Investment Valuations — The funds determine the fair value of their investments and compute their net asset value 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 Board of Directors has adopted valuation policies and procedures to guide the investment advisor in the funds' investment valuation process and to provide methodologies for the oversight of the funds' pricing function. Investments in the underlying funds are valued at their reported net asset value.
Security Transactions — Security transactions are accounted for as of the trade date. Net realized gains and losses are determined on the identified cost basis, which is also used for federal income tax purposes.
Investment Income — Income and capital gain distributions, if any, from the underlying funds are recorded as of the ex-dividend date. Long-term capital gain distributions, if any, from the underlying funds are a component of net realized gain (loss).
Expenses — The expenses included in the accompanying financial statements reflect the expenses of each fund and do not include any expenses associated with the underlying funds.
Income Tax Status — It is each fund’s policy to distribute substantially all net investment income and net realized gains to shareholders and to otherwise qualify as a regulated investment company under provisions of the Internal Revenue Code. Accordingly, no provision has been made for income taxes. The funds file U.S. federal, state, local and non-U.S. tax returns as applicable. The funds' tax returns are subject to examination by the relevant taxing authority until expiration of the applicable statute of limitations, which is generally three years from the date of filing but can be longer in certain jurisdictions. At this time, management believes there are no uncertain tax positions which, based on their technical merit, would not be sustained upon examination and for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months.
Distributions to Shareholders — Distributions from net investment income, if any, are generally declared and paid quarterly for One Choice In Retirement Portfolio R6. Distributions from net investment income, if any, are generally declared and paid annually for the nine target date One Choice Portfolios R6. Distributions from net realized gains, if any, are generally declared and paid annually for all funds.
Indemnifications — Under the corporation’s organizational documents, its officers and directors are indemnified against certain liabilities arising out of the performance of their duties to the funds. In addition, in the normal course of business, the funds enter into contracts that provide general indemnifications. The maximum exposure under these arrangements is unknown as this would involve future claims that may be made against a fund. The risk of material loss from such claims is considered by management to be remote.
3. Fees and Transactions with Related Parties
Certain officers and directors of the corporation are also officers and/or directors of American Century Companies, Inc. (ACC). The corporation’s investment advisor, American Century Investment Management, Inc. (ACIM), the corporation's distributor, American Century Investment Services, Inc., and the corporation’s transfer agent, American Century Services, LLC, are wholly owned, directly or indirectly, by ACC. ACIM serves as the investment advisor for the underlying funds.
Administrative Fees — The corporation’s investment advisor, ACIM, does not receive an administrative fee for services provided to the funds.
Directors' Fees and Expenses — The Board of Directors is responsible for overseeing the investment advisor’s management and operations of the funds. The directors receive detailed information about the funds and their investment advisor regularly throughout the year, and meet at least quarterly with management of the investment advisor to review reports about fund operations. Fees and expenses incurred in conjunction with the directors during the six months ended January 31, 2015 are detailed in the Statements of Operations. The funds' officers do not receive compensation from the funds.
Acquired Fund Fees and Expenses — Each fund will indirectly realize its pro rata share of the fees and expenses of the underlying funds in which it invests. These fees and expenses are already reflected in the valuation of the underlying funds.
4. Investment Transactions
Investment transactions for the six months ended January 31, 2015 were as follows:
|
| | | | | |
| | One Choice In Retirement Portfolio R6 | One Choice 2015 Portfolio R6 | One Choice 2020 Portfolio R6 | One Choice 2025 Portfolio R6 | One Choice 2030 Portfolio R6 |
| Purchases | $12,327,028 | $29,888,914 | $41,999,964 | $58,494,480 | $48,780,185 |
| Sales | $1,812,160 | $3,029,400 | $2,392,607 | $2,685,044 | $1,945,805 |
|
| | | | | |
| | One Choice 2035 Portfolio R6 | One Choice 2040 Portfolio R6 | One Choice 2045 Portfolio R6 | One Choice 2050 Portfolio R6 | One Choice 2055 Portfolio R6 |
| Purchases | $43,222,784 | $25,450,129 | $22,705,527 | $11,056,436 | $5,202,849 |
| Sales | $1,212,508 | $1,255,340 | $2,008,283 | $918,336 | $576,209 |
5. Affiliated Fund Transactions
A summary of transactions for each underlying fund for the six months ended January 31, 2015 follows:
|
| | | | | | | | | | | | | | | | | | |
Fund/Underlying Fund(1) | Beginning
Value | Purchase
Cost | Sales Cost | Realized
Gain (Loss) | Distributions
Received(2) | Ending
Value |
| One Choice In Retirement Portfolio R6 |
| NT Core Equity Plus Fund | $ | 341,065 |
| $ | 406,515 |
| $ | 71,711 |
| $ | (454 | ) | $ | 51,236 |
| $ | 635,555 |
|
| NT Equity Growth Fund | 1,136,842 |
| 1,391,583 |
| 282,809 |
| (6,162 | ) | 155,707 |
| 2,126,611 |
|
| NT Growth Fund | 738,548 |
| 909,930 |
| 165,950 |
| (6,724 | ) | 156,128 |
| 1,382,566 |
|
| NT Heritage Fund | 283,692 |
| 304,810 |
| 60,061 |
| (1,768 | ) | 18,852 |
| 536,948 |
|
| NT Large Company Value Fund | 1,249,918 |
| 1,527,755 |
| 319,161 |
| (3,766 | ) | 135,413 |
| 2,339,044 |
|
| NT Mid Cap Value Fund | 456,714 |
| 524,558 |
| 93,539 |
| (1,852 | ) | 66,172 |
| 849,827 |
|
| NT Small Company Fund | 225,405 |
| 272,591 |
| 52,057 |
| (2,605 | ) | 37,620 |
| 421,275 |
|
| Real Estate Fund | 113,917 |
| 98,182 |
| 23,650 |
| 492 |
| 2,316 |
| 211,806 |
|
| High-Yield Fund | 438,528 |
| 443,067 |
| 34,998 |
| (1,296 | ) | 20,499 |
| 825,667 |
|
| Inflation-Adjusted Bond Fund | 173,671 |
| 161,918 |
| 8,990 |
| (224 | ) | 1,876 |
| 328,641 |
|
| NT Diversified Bond Fund | 3,083,503 |
| 2,965,734 |
| 385,186 |
| (818 | ) | 67,114 |
| 5,781,141 |
|
| Short Duration Inflation Protection Bond Fund | 707,909 |
| 685,952 |
| 54,757 |
| (999 | ) | 9,751 |
| 1,322,010 |
|
| Premium Money Market Fund | 1,161,123 |
| 1,117,709 |
| 121,206 |
| — |
| 72 |
| 2,157,626 |
|
| International Bond Fund | 811,100 |
| 886,598 |
| 82,361 |
| (6,735 | ) | 25,331 |
| 1,514,550 |
|
| NT International Growth Fund | 569,888 |
| 630,126 |
| 93,849 |
| (5,214 | ) | 33,606 |
| 1,059,749 |
|
| | $ | 11,491,823 |
| $ | 12,327,028 |
| $ | 1,850,285 |
| $ | (38,125 | ) | $ | 781,693 |
| $ | 21,493,016 |
|
| |
| (1) | Underlying fund investments represent R6 Class for all funds, except Institutional Class for NT Core Equity Plus Fund, NT Equity Growth Fund, NT Small Company Fund, Inflation-Adjusted Bond Fund and Investor Class for Premium Money Market Fund. |
| |
| (2) | Distributions received includes distributions from net investment income and from capital gains, if any. |
|
| | | | | | | | | | | | | | | | | | |
Fund/Underlying Fund(1) | Beginning
Value | Purchase
Cost | Sales Cost | Realized
Gain (Loss) | Distributions
Received(2) | Ending
Value |
| One Choice 2015 Portfolio R6 | |
| NT Emerging Markets Fund | $ | 30,011 |
| $ | 10,460 |
| $ | 38,125 |
| $ | 2,361 |
| — |
| — |
|
| NT Core Equity Plus Fund | 670,352 |
| 933,330 |
| 103,216 |
| (601 | ) | $ | 109,267 |
| $ | 1,413,476 |
|
| NT Equity Growth Fund | 2,223,367 |
| 3,173,823 |
| 404,109 |
| (4,075 | ) | 332,261 |
| 4,724,690 |
|
| NT Growth Fund | 1,478,022 |
| 2,121,591 |
| 300,494 |
| (7,019 | ) | 313,554 |
| 3,095,314 |
|
| NT Heritage Fund | 586,277 |
| 735,624 |
| 132,688 |
| 138 |
| 37,643 |
| 1,206,099 |
|
| NT Large Company Value Fund | 2,443,455 |
| 3,531,543 |
| 498,598 |
| (2,035 | ) | 288,250 |
| 5,209,065 |
|
| NT Mid Cap Value Fund | 928,293 |
| 1,226,968 |
| 168,672 |
| (1,699 | ) | 141,438 |
| 1,902,452 |
|
| NT Small Company Fund | 438,622 |
| 661,832 |
| 90,071 |
| (3,092 | ) | 79,906 |
| 950,935 |
|
| Real Estate Fund | 232,502 |
| 243,322 |
| 46,473 |
| 1,853 |
| 4,961 |
| 477,077 |
|
| High-Yield Fund | 852,650 |
| 1,093,869 |
| 38,228 |
| (2,109 | ) | 44,636 |
| 1,857,614 |
|
| Inflation-Adjusted Bond Fund | 375,716 |
| 414,164 |
| 54,547 |
| (1,186 | ) | 3,909 |
| 738,990 |
|
| NT Diversified Bond Fund | 6,034,357 |
| 7,452,133 |
| 704,625 |
| (874 | ) | 145,842 |
| 13,026,909 |
|
| Short Duration Inflation Protection Bond Fund | 1,342,696 |
| 1,741,822 |
| 64,849 |
| (2,118 | ) | 19,924 |
| 2,981,685 |
|
| Premium Money Market Fund | 2,223,050 |
| 2,838,231 |
| 198,600 |
| — |
| 157 |
| 4,862,680 |
|
| International Bond Fund | 1,557,755 |
| 2,186,997 |
| 101,657 |
| (8,753 | ) | 55,350 |
| 3,413,305 |
|
| NT International Growth Fund | 1,115,333 |
| 1,523,205 |
| 120,089 |
| (6,432 | ) | 66,691 |
| 2,408,439 |
|
| | $ | 22,532,458 |
| $ | 29,888,914 |
| $ | 3,065,041 |
| $ | (35,641 | ) | $ | 1,643,789 |
| $ | 48,268,730 |
|
| |
| (1) | Underlying fund investments represent R6 Class for all funds, except Institutional Class for NT Core Equity Plus Fund, NT Equity Growth Fund, NT Small Company Fund, Inflation-Adjusted Bond Fund and Investor Class for Premium Money Market Fund. |
| |
| (2) | Distributions received includes distributions from net investment income and from capital gains, if any. |
|
| | | | | | | | | | | | | | | | | | |
Fund/Underlying Fund(1) | Beginning
Value | Purchase
Cost | Sales Cost | Realized
Gain (Loss) | Distributions
Received(2) | Ending
Value |
| One Choice 2020 Portfolio R6 | |
| NT Core Equity Plus Fund | $ | 1,250,258 |
| $ | 1,262,746 |
| $ | 17,156 |
| $ | 364 |
| $ | 181,406 |
| $ | 2,349,397 |
|
| NT Equity Growth Fund | 4,004,969 |
| 4,217,404 |
| 120,854 |
| 371 |
| 540,039 |
| 7,653,127 |
|
| NT Growth Fund | 3,282,909 |
| 3,726,183 |
| 489,337 |
| (55,534 | ) | 632,315 |
| 6,134,549 |
|
| NT Heritage Fund | 1,515,078 |
| 1,308,628 |
| 55,879 |
| (1,416 | ) | 89,496 |
| 2,806,836 |
|
| NT Large Company Value Fund | 4,674,979 |
| 4,852,226 |
| 232,691 |
| (4,186 | ) | 491,349 |
| 8,837,777 |
|
| NT Mid Cap Value Fund | 2,047,314 |
| 1,916,180 |
| 39,235 |
| (188 | ) | 278,307 |
| 3,755,251 |
|
| NT Small Company Fund | 827,789 |
| 856,072 |
| 993 |
| (131 | ) | 134,319 |
| 1,579,796 |
|
| Real Estate Fund | 534,525 |
| 397,285 |
| 40,981 |
| 1,338 |
| 10,131 |
| 991,229 |
|
| High-Yield Fund | 1,543,011 |
| 1,552,497 |
| 10,103 |
| (415 | ) | 70,585 |
| 3,006,405 |
|
| Inflation-Adjusted Bond Fund | 1,266,992 |
| 1,113,587 |
| 61,373 |
| (1,323 | ) | 12,357 |
| 2,332,466 |
|
| NT Diversified Bond Fund | 10,790,760 |
| 10,269,574 |
| 952,580 |
| 800 |
| 228,557 |
| 20,505,016 |
|
| Short Duration Inflation Protection Bond Fund | 1,832,065 |
| 1,875,007 |
| 51,919 |
| (637 | ) | 24,580 |
| 3,609,033 |
|
| Premium Money Market Fund | 3,082,320 |
| 3,068,694 |
| 103,087 |
| — |
| 190 |
| 6,047,927 |
|
| NT Emerging Markets Fund | 471,944 |
| 370,212 |
| 28,244 |
| (1,221 | ) | — |
| 785,209 |
|
| NT International Growth Fund | 2,456,800 |
| 2,456,320 |
| 148,134 |
| (10,355 | ) | 131,102 |
| 4,555,750 |
|
| International Bond Fund | 2,504,281 |
| 2,757,349 |
| 121,524 |
| (8,950 | ) | 76,783 |
| 4,827,098 |
|
| | $ | 42,085,994 |
| $ | 41,999,964 |
| $ | 2,474,090 |
| $ | (81,483 | ) | $ | 2,901,516 |
| $ | 79,776,866 |
|
| |
| (1) | Underlying fund investments represent R6 Class for all funds, except Institutional Class for NT Core Equity Plus Fund, NT Equity Growth Fund, NT Small Company Fund, Inflation-Adjusted Bond Fund and Investor Class for Premium Money Market Fund. |
| |
| (2) | Distributions received includes distributions from net investment income and from capital gains, if any. |
|
| | | | | | | | | | | | | | | | | | |
Fund/Underlying Fund(1) | Beginning
Value | Purchase
Cost | Sales Cost | Realized
Gain (Loss) | Distributions
Received(2) | Ending
Value |
| One Choice 2025 Portfolio R6 |
| NT Core Equity Plus Fund | $ | 1,213,420 |
| $ | 1,767,458 |
| $ | 49,653 |
| $ | 1,168 |
| $ | 184,572 |
| $ | 2,773,240 |
|
| NT Equity Growth Fund | 3,728,846 |
| 5,810,000 |
| 470,915 |
| (23,452 | ) | 519,059 |
| 8,637,012 |
|
| NT Growth Fund | 3,630,686 |
| 5,399,064 |
| 379,292 |
| (8,604 | ) | 711,960 |
| 8,176,055 |
|
| NT Heritage Fund | 1,818,718 |
| 2,483,411 |
| 98,494 |
| (3,073 | ) | 114,300 |
| 4,255,114 |
|
| NT Large Company Value Fund | 4,583,666 |
| 6,823,156 |
| 404,997 |
| (4,977 | ) | 497,872 |
| 10,511,303 |
|
| NT Mid Cap Value Fund | 2,236,541 |
| 3,180,947 |
| 72,567 |
| 228 |
| 327,117 |
| 5,131,457 |
|
| NT Small Company Fund | 953,203 |
| 1,324,482 |
| 62,941 |
| (2,358 | ) | 152,958 |
| 2,096,839 |
|
| Real Estate Fund | 617,785 |
| 695,487 |
| 30,604 |
| 642 |
| 12,264 |
| 1,403,392 |
|
| High-Yield Fund | 1,413,533 |
| 2,035,750 |
| 18,094 |
| (749 | ) | 68,496 |
| 3,356,250 |
|
| Inflation-Adjusted Bond Fund | 1,702,086 |
| 2,245,049 |
| 59,834 |
| (1,763 | ) | 17,858 |
| 3,915,318 |
|
| NT Diversified Bond Fund | 10,015,327 |
| 13,858,562 |
| 776,236 |
| (84 | ) | 224,216 |
| 23,511,243 |
|
| Short Duration Inflation Protection Bond Fund | 1,145,472 |
| 1,716,618 |
| 4,823 |
| (95 | ) | 16,243 |
| 2,829,468 |
|
| NT Emerging Markets Fund | 912,767 |
| 1,263,553 |
| 23,924 |
| (1,427 | ) | — |
| 2,085,219 |
|
| NT International Growth Fund | 2,779,189 |
| 4,002,594 |
| 201,305 |
| (10,189 | ) | 152,429 |
| 6,336,685 |
|
| International Bond Fund | 1,948,325 |
| 3,152,322 |
| 59,911 |
| (4,791 | ) | 63,943 |
| 4,775,762 |
|
| Premium Money Market Fund | 2,065,570 |
| 2,736,027 |
| 30,978 |
| — |
| 131 |
| 4,770,619 |
|
| | $ | 40,765,134 |
| $ | 58,494,480 |
| $ | 2,744,568 |
| $ | (59,524 | ) | $ | 3,063,418 |
| $ | 94,564,976 |
|
| |
| (1) | Underlying fund investments represent R6 Class for all funds, except Institutional Class for NT Core Equity Plus Fund, NT Equity Growth Fund, NT Small Company Fund, Inflation-Adjusted Bond Fund and Investor Class for Premium Money Market Fund. |
| |
| (2) | Distributions received includes distributions from net investment income and from capital gains, if any. |
|
| | | | | | | | | | | | | | | | | | |
Fund/Underlying Fund(1) | Beginning
Value | Purchase
Cost | Sales Cost | Realized
Gain (Loss) | Distributions
Received(2) | Ending
Value |
| One Choice 2030 Portfolio R6 | | |
| NT Core Equity Plus Fund | $ | 1,170,394 |
| $ | 1,594,179 |
| $ | 11,526 |
| $ | 95 |
| $ | 183,312 |
| $ | 2,600,221 |
|
| NT Equity Growth Fund | 3,328,930 |
| 4,591,015 |
| 92,525 |
| (469 | ) | 475,898 |
| 7,420,480 |
|
| NT Growth Fund | 3,864,280 |
| 5,372,134 |
| 189,573 |
| (1,432 | ) | 811,450 |
| 8,490,574 |
|
| NT Heritage Fund | 1,797,401 |
| 2,291,216 |
| 63,082 |
| (2,876 | ) | 121,310 |
| 4,072,893 |
|
| NT Large Company Value Fund | 4,270,159 |
| 5,903,835 |
| 283,849 |
| (10,543 | ) | 478,640 |
| 9,434,661 |
|
| NT Mid Cap Value Fund | 1,897,697 |
| 2,534,214 |
| 28,769 |
| (2,018 | ) | 286,104 |
| 4,223,475 |
|
| NT Small Company Fund | 1,206,339 |
| 1,588,916 |
| 48,249 |
| (4,498 | ) | 202,368 |
| 2,595,813 |
|
| Real Estate Fund | 648,411 |
| 649,325 |
| 31,873 |
| (2 | ) | 13,057 |
| 1,402,134 |
|
| High-Yield Fund | 1,120,492 |
| 1,559,315 |
| 19,745 |
| (1,113 | ) | 56,020 |
| 2,598,987 |
|
| Inflation-Adjusted Bond Fund | 1,809,164 |
| 2,276,987 |
| 94,552 |
| (2,822 | ) | 19,723 |
| 4,022,055 |
|
| NT Diversified Bond Fund | 8,003,477 |
| 10,628,363 |
| 834,811 |
| 1,349 |
| 184,084 |
| 18,130,261 |
|
| Short Duration Inflation Protection Bond Fund | 486,806 |
| 731,117 |
| 8,040 |
| (223 | ) | 7,457 |
| 1,197,286 |
|
| NT Emerging Markets Fund | 993,317 |
| 1,293,045 |
| 17,024 |
| (681 | ) | — |
| 2,196,795 |
|
| NT International Growth Fund | 3,024,600 |
| 4,080,647 |
| 188,226 |
| (12,801 | ) | 178,314 |
| 6,639,130 |
|
| Premium Money Market Fund | 1,831,204 |
| 2,309,287 |
| 39,341 |
| — |
| 120 |
| 4,101,150 |
|
| International Bond Fund | 824,174 |
| 1,376,590 |
| 35,917 |
| (3,263 | ) | 28,906 |
| 2,046,388 |
|
| | $ | 36,276,845 |
| $ | 48,780,185 |
| $ | 1,987,102 |
| $ | (41,297 | ) | $ | 3,046,763 |
| $ | 81,172,303 |
|
| |
| (1) | Underlying fund investments represent R6 Class for all funds, except Institutional Class for NT Core Equity Plus Fund, NT Equity Growth Fund, NT Small Company Fund, Inflation-Adjusted Bond Fund and Investor Class for Premium Money Market Fund. |
| |
| (2) | Distributions received includes distributions from net investment income and from capital gains, if any. |
|
| | | | | | | | | | | | | | | | | | |
Fund/Underlying Fund(1) | Beginning
Value | Purchase
Cost | Sales Cost | Realized
Gain (Loss) | Distributions
Received(2) | Ending
Value |
| One Choice 2035 Portfolio R6 | |
| NT Core Equity Plus Fund | $ | 1,013,529 |
| $ | 1,448,488 |
| $ | 20,190 |
| $ | (2,795 | ) | $ | 168,975 |
| $ | 2,305,654 |
|
| NT Equity Growth Fund | 2,925,187 |
| 4,315,871 |
| 341,388 |
| (28,465 | ) | 439,513 |
| 6,561,857 |
|
| NT Growth Fund | 3,940,772 |
| 5,802,442 |
| 176,821 |
| (2,928 | ) | 901,351 |
| 8,946,890 |
|
| NT Heritage Fund | 1,681,487 |
| 2,135,344 |
| 93,634 |
| (3,409 | ) | 118,851 |
| 3,770,944 |
|
| NT Large Company Value Fund | 3,936,084 |
| 5,550,387 |
| 176,421 |
| (6,673 | ) | 468,560 |
| 8,869,296 |
|
| NT Mid Cap Value Fund | 1,692,194 |
| 2,245,244 |
| 51,044 |
| (2,206 | ) | 264,133 |
| 3,724,511 |
|
| NT Small Company Fund | 1,313,009 |
| 2,026,644 |
| 186,059 |
| (24,998 | ) | 244,663 |
| 2,991,344 |
|
| Real Estate Fund | 636,360 |
| 652,582 |
| 15,717 |
| 165 |
| 13,755 |
| 1,417,246 |
|
| High-Yield Fund | 867,638 |
| 1,217,335 |
| — |
| — |
| 45,403 |
| 2,034,318 |
|
| Inflation-Adjusted Bond Fund | 1,727,264 |
| 2,200,496 |
| 5,085 |
| (129 | ) | 20,536 |
| 3,949,378 |
|
| NT Diversified Bond Fund | 6,143,587 |
| 7,950,443 |
| 173,519 |
| (58 | ) | 149,672 |
| 14,188,151 |
|
| Short Duration Inflation Protection Bond Fund | 31,450 |
| 115,096 |
| — |
| — |
| 960 |
| 145,136 |
|
| NT Emerging Markets Fund | 1,054,236 |
| 1,323,663 |
| 19,256 |
| (998 | ) | — |
| 2,285,914 |
|
| NT International Growth Fund | 2,971,553 |
| 4,141,237 |
| 27,469 |
| (1,601 | ) | 191,615 |
| 6,785,437 |
|
| Premium Money Market Fund | 1,518,408 |
| 2,097,512 |
| — |
| — |
| 107 |
| 3,615,920 |
|
| | $ | 31,452,758 |
| $ | 43,222,784 |
| $ | 1,286,603 |
| $ | (74,095 | ) | $ | 3,028,094 |
| $ | 71,591,996 |
|
| |
| (1) | Underlying fund investments represent R6 Class for all funds, except Institutional Class for NT Core Equity Plus Fund, NT Equity Growth Fund, NT Small Company Fund, Inflation-Adjusted Bond Fund and Investor Class for Premium Money Market Fund. |
| |
| (2) | Distributions received includes distributions from net investment income and from capital gains, if any. |
|
| | | | | | | | | | | | | | | | | | |
Fund/Underlying Fund(1) | Beginning
Value | Purchase
Cost | Sales Cost | Realized
Gain (Loss) | Distributions
Received(2) | Ending
Value |
| One Choice 2040 Portfolio R6 | | |
| NT Core Equity Plus Fund | $ | 969,325 |
| $ | 887,401 |
| $ | 8,880 |
| $ | (50 | ) | $ | 147,070 |
| $ | 1,736,417 |
|
| NT Equity Growth Fund | 2,799,143 |
| 2,643,831 |
| 158,272 |
| (5,519 | ) | 384,604 |
| 4,997,924 |
|
| NT Growth Fund | 3,769,452 |
| 3,717,538 |
| 234,297 |
| (3,802 | ) | 758,242 |
| 6,768,534 |
|
| NT Heritage Fund | 1,761,383 |
| 1,448,029 |
| 95,015 |
| (3,935 | ) | 109,872 |
| 3,171,961 |
|
| NT Large Company Value Fund | 3,764,709 |
| 3,597,033 |
| 261,995 |
| (6,062 | ) | 407,301 |
| 6,758,707 |
|
| NT Mid Cap Value Fund | 1,782,005 |
| 1,536,251 |
| 47,369 |
| 342 |
| 253,551 |
| 3,126,451 |
|
| NT Small Company Fund | 1,137,089 |
| 1,103,469 |
| 26,024 |
| (989 | ) | 192,167 |
| 2,076,337 |
|
| Real Estate Fund | 633,188 |
| 381,334 |
| 16,637 |
| 182 |
| 12,363 |
| 1,129,500 |
|
| High-Yield Fund | 664,402 |
| 616,528 |
| 8,985 |
| (143 | ) | 31,366 |
| 1,236,104 |
|
| Inflation-Adjusted Bond Fund | 1,335,620 |
| 1,171,178 |
| 24,075 |
| (450 | ) | 14,588 |
| 2,496,572 |
|
| NT Diversified Bond Fund | 4,692,825 |
| 4,139,293 |
| 284,984 |
| (204 | ) | 103,934 |
| 8,723,364 |
|
| NT Emerging Markets Fund | 1,174,629 |
| 1,026,446 |
| 15,033 |
| (169 | ) | — |
| 2,112,323 |
|
| NT International Growth Fund | 2,737,767 |
| 2,530,249 |
| 89,260 |
| (3,304 | ) | 152,792 |
| 4,942,126 |
|
| Premium Money Market Fund | 637,624 |
| 651,549 |
| 8,617 |
| — |
| 42 |
| 1,280,556 |
|
| | $ | 27,859,161 |
| $ | 25,450,129 |
| $ | 1,279,443 |
| $ | (24,103 | ) | $ | 2,567,892 |
| $ | 50,556,876 |
|
| |
| (1) | Underlying fund investments represent R6 Class for all funds, except Institutional Class for NT Core Equity Plus Fund, NT Equity Growth Fund, NT Small Company Fund, Inflation-Adjusted Bond Fund and Investor Class for Premium Money Market Fund. |
| |
| (2) | Distributions received includes distributions from net investment income and from capital gains, if any. |
|
| | | | | | | | | | | | | | | | | | |
Fund/Underlying Fund(1) | Beginning
Value | Purchase
Cost | Sales Cost | Realized
Gain (Loss) | Distributions
Received(2) | Ending
Value |
| One Choice 2045 Portfolio R6 |
| NT Core Equity Plus Fund | $ | 990,139 |
| $ | 1,116,083 |
| $ | 249,362 |
| $ | (12,047 | ) | $ | 150,938 |
| $ | 1,757,463 |
|
| NT Equity Growth Fund | 2,325,601 |
| 2,677,700 |
| 520,293 |
| (29,292 | ) | 330,726 |
| 4,263,539 |
|
| NT Growth Fund | 3,272,430 |
| 3,463,608 |
| 244,353 |
| (9,910 | ) | 684,027 |
| 6,063,903 |
|
| NT Heritage Fund | 1,638,051 |
| 1,459,253 |
| 86,627 |
| (3,447 | ) | 107,221 |
| 3,066,519 |
|
| NT Large Company Value Fund | 3,273,446 |
| 3,342,269 |
| 252,758 |
| (4,556 | ) | 369,177 |
| 6,052,702 |
|
| NT Mid Cap Value Fund | 1,649,783 |
| 1,603,415 |
| 86,687 |
| (3,927 | ) | 248,350 |
| 3,027,856 |
|
| NT Small Company Fund | 894,716 |
| 1,098,574 |
| 248,057 |
| (31,616 | ) | 157,054 |
| 1,665,169 |
|
| Real Estate Fund | 573,749 |
| 426,542 |
| 73,628 |
| 527 |
| 11,408 |
| 1,046,951 |
|
| High-Yield Fund | 454,735 |
| 432,549 |
| 3,863 |
| (232 | ) | 21,950 |
| 858,249 |
|
| Inflation-Adjusted Bond Fund | 911,134 |
| 843,774 |
| 36,077 |
| (1,101 | ) | 10,142 |
| 1,728,793 |
|
| NT Diversified Bond Fund | 3,205,361 |
| 2,853,282 |
| 175,083 |
| (475 | ) | 72,432 |
| 6,005,423 |
|
| NT Emerging Markets Fund | 1,187,941 |
| 1,086,367 |
| 25,782 |
| (1,919 | ) | — |
| 2,177,168 |
|
| NT International Growth Fund | 2,320,911 |
| 2,302,111 |
| 111,263 |
| (7,555 | ) | 135,092 |
| 4,312,404 |
|
| | $ | 22,697,997 |
| $ | 22,705,527 |
| $ | 2,113,833 |
| $ | (105,550 | ) | $ | 2,298,517 |
| $ | 42,026,139 |
|
| |
| (1) | Underlying fund investments represent R6 Class for all funds, except Institutional Class for NT Core Equity Plus Fund, NT Equity Growth Fund, NT Small Company Fund and Inflation-Adjusted Bond Fund. |
| |
| (2) | Distributions received includes distributions from net investment income and from capital gains, if any. |
|
| | | | | | | | | | | | | | | | | | |
Fund/Underlying Fund(1) | Beginning
Value | Purchase
Cost | Sales Cost | Realized
Gain (Loss) | Distributions
Received(2) | Ending
Value |
| One Choice 2050 Portfolio R6 |
| NT Core Equity Plus Fund | $ | 761,466 |
| $ | 497,537 |
| $ | 23,824 |
| $ | (1,657 | ) | $ | 107,199 |
| $ | 1,160,027 |
|
| NT Equity Growth Fund | 1,731,289 |
| 1,155,675 |
| 69,982 |
| (3,586 | ) | 223,521 |
| 2,660,605 |
|
| NT Growth Fund | 2,495,964 |
| 1,767,580 |
| 126,178 |
| (10,616 | ) | 482,465 |
| 3,845,387 |
|
| NT Heritage Fund | 1,228,039 |
| 692,970 |
| 43,834 |
| (2,099 | ) | 74,451 |
| 1,916,074 |
|
| NT Large Company Value Fund | 2,533,786 |
| 1,722,556 |
| 156,352 |
| (4,862 | ) | 257,205 |
| 3,901,221 |
|
| NT Mid Cap Value Fund | 1,235,380 |
| 772,060 |
| 32,833 |
| (2,130 | ) | 166,896 |
| 1,888,072 |
|
| NT Small Company Fund | 777,147 |
| 504,030 |
| 31,139 |
| (1,969 | ) | 117,625 |
| 1,172,930 |
|
| Real Estate Fund | 471,269 |
| 208,235 |
| 51,249 |
| 2,107 |
| 8,841 |
| 718,956 |
|
| High-Yield Fund | 297,817 |
| 196,021 |
| 11,548 |
| (789 | ) | 13,233 |
| 468,191 |
|
| Inflation-Adjusted Bond Fund | 595,797 |
| 388,639 |
| 47,079 |
| (1,913 | ) | 6,057 |
| 942,749 |
|
| NT Diversified Bond Fund | 2,120,938 |
| 1,389,019 |
| 224,834 |
| 305 |
| 44,293 |
| 3,357,642 |
|
| NT Emerging Markets Fund | 1,038,606 |
| 617,236 |
| 53,646 |
| (3,025 | ) | — |
| 1,551,293 |
|
| NT International Growth Fund | 1,693,860 |
| 1,144,878 |
| 82,386 |
| (6,314 | ) | 91,482 |
| 2,619,569 |
|
| | $ | 16,981,358 |
| $ | 11,056,436 |
| $ | 954,884 |
| $ | (36,548 | ) | $ | 1,593,268 |
| $ | 26,202,716 |
|
| |
| (1) | Underlying fund investments represent R6 Class for all funds, except Institutional Class for NT Core Equity Plus Fund, NT Equity Growth Fund, NT Small Company Fund and Inflation-Adjusted Bond Fund. |
| |
| (2) | Distributions received includes distributions from net investment income and from capital gains, if any. |
|
| | | | | | | | | | | | | | | | | | |
Fund/Underlying Fund(1) | Beginning
Value | Purchase
Cost | Sales Cost | Realized
Gain (Loss) | Distributions
Received(2) | Ending
Value |
| One Choice 2055 Portfolio R6 | |
| NT Core Equity Plus Fund | $ | 323,577 |
| $ | 241,374 |
| $ | 21,060 |
| $ | (124 | ) | $ | 46,976 |
| $ | 510,206 |
|
| NT Equity Growth Fund | 772,510 |
| 578,685 |
| 54,418 |
| (648 | ) | 103,344 |
| 1,222,746 |
|
| NT Growth Fund | 1,095,494 |
| 876,400 |
| 98,358 |
| (3,027 | ) | 214,556 |
| 1,743,039 |
|
| NT Heritage Fund | 538,409 |
| 345,083 |
| 40,382 |
| (505 | ) | 32,769 |
| 860,544 |
|
| NT Large Company Value Fund | 1,113,313 |
| 839,644 |
| 97,006 |
| (1,606 | ) | 116,785 |
| 1,763,743 |
|
| NT Mid Cap Value Fund | 541,468 |
| 388,347 |
| 35,916 |
| (387 | ) | 75,786 |
| 853,425 |
|
| NT Small Company Fund | 356,616 |
| 274,192 |
| 28,826 |
| (823 | ) | 57,590 |
| 563,108 |
|
| Real Estate Fund | 216,545 |
| 94,695 |
| 18,151 |
| 101 |
| 4,235 |
| 337,666 |
|
| NT Emerging Markets Fund | 467,587 |
| 321,338 |
| 28,510 |
| (1,033 | ) | — |
| 734,948 |
|
| NT International Growth Fund | 684,614 |
| 498,201 |
| 45,599 |
| (1,545 | ) | 37,000 |
| 1,081,014 |
|
| High-Yield Fund | 109,662 |
| 73,414 |
| 3,175 |
| (68 | ) | 5,033 |
| 174,125 |
|
| Inflation-Adjusted Bond Fund | 219,871 |
| 142,356 |
| 12,551 |
| (220 | ) | 2,268 |
| 351,127 |
|
| NT Diversified Bond Fund | 768,963 |
| 529,120 |
| 102,267 |
| (125 | ) | 16,465 |
| 1,222,692 |
|
| | $ | 7,208,629 |
| $ | 5,202,849 |
| $ | 586,219 |
| $ | (10,010 | ) | $ | 712,807 |
| $ | 11,418,383 |
|
| |
| (1) | Underlying fund investments represent R6 Class for all funds, except Institutional Class for NT Core Equity Plus Fund, NT Equity Growth Fund, NT Small Company Fund and Inflation-Adjusted Bond Fund. |
| |
| (2) | Distributions received includes distributions from net investment income and from capital gains, if any. |
6. Investments in Underlying Funds
The funds do not invest in the underlying funds for the purpose of exercising management or control; however, investments by the funds within their investment strategies may represent a significant portion of the underlying funds’ net assets.
7. Fair Value Measurements
The funds’ investments valuation process is based on several considerations and may use multiple inputs to determine the fair value of the investments held by the funds. 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. There were no significant transfers between levels during the period.
As of period end, the funds’ investment securities were classified as Level 1. The Schedules of Investments provide additional information on the funds’ portfolio holdings.
8. Federal Tax Information
The book-basis character of distributions made during the year from net investment income or net realized gains may differ from their ultimate characterization for federal income tax purposes. These differences reflect the differing character of certain income items and net realized gains and losses for financial statement and tax purposes, and may result in reclassification among certain capital accounts on the financial statements.
As of January 31, 2015, the components of investments for federal income tax purposes were as follows:
|
| | | | | | | | | | | | | | | |
| | One Choice In Retirement Portfolio R6 | One Choice 2015 Portfolio R6 | One Choice 2020 Portfolio R6 | One Choice 2025 Portfolio R6 | One Choice 2030 Portfolio R6 |
| Federal tax cost of investments | $ | 21,767,975 |
| $ | 48,973,003 |
| $ | 80,983,716 |
| $ | 95,848,846 |
| $ | 82,286,509 |
|
| Gross tax appreciation of investments | $ | 179,494 |
| $ | 382,978 |
| $ | 647,252 |
| $ | 736,024 |
| $ | 677,968 |
|
| Gross tax depreciation of investments | (454,453 | ) | (1,087,251 | ) | (1,854,102 | ) | (2,019,894 | ) | (1,792,174 | ) |
| Net tax appreciation (depreciation) of investments | $ | (274,959 | ) | $ | (704,273 | ) | $ | (1,206,850 | ) | $ | (1,283,870 | ) | $ | (1,114,206 | ) |
|
| | | | | | | | | | | | | | | |
| | One Choice 2035 Portfolio R6 | One Choice 2040 Portfolio R6 | One Choice 2045 Portfolio R6 | One Choice 2050 Portfolio R6 | One Choice 2055 Portfolio R6 |
| Federal tax cost of investments | $ | 72,843,868 |
| $ | 51,475,972 |
| $ | 42,838,823 |
| $ | 26,723,426 |
| $ | 11,634,689 |
|
| Gross tax appreciation of investments | $ | 564,138 |
| $ | 451,175 |
| $ | 344,878 |
| $ | 248,632 |
| $ | 125,057 |
|
| Gross tax depreciation of investments | (1,816,010 | ) | (1,370,271 | ) | (1,157,562 | ) | (769,342 | ) | (341,363 | ) |
| Net tax appreciation (depreciation) of investments | $ | (1,251,872 | ) | $ | (919,096 | ) | $ | (812,684 | ) | $ | (520,710 | ) | $ | (216,306 | ) |
The difference between book-basis and tax-basis unrealized appreciation (depreciation) is attributable primarily to the tax deferral of losses on wash sales.
9. Subsequent Event
On December 9, 2014, the Board of Directors approved an agreement and plan of reorganization (the reorganization), whereby the net assets of One Choice 2015 Portfolio R6 will be transferred to One Choice In Retirement Portfolio R6 in exchange for shares of One Choice In Retirement Portfolio R6. The financial statements and performance history of One Choice In Retirement Portfolio R6 will survive after the reorganization. The reorganization is expected to be effective at the close of the NYSE on March 27, 2015.
|
| | | | | | | | | | | | | | | |
| For a Share Outstanding Throughout the Years Ended July 31 (except as noted) | |
| Per-Share Data | | | | | Ratios and Supplemental Data |
| | | Income From Investment Operations: | Distributions From: | | | Ratio to Average Net Assets of: | | |
| | Net Asset
Value,
Beginning
of Period | Net
Investment
Income
(Loss)(1) | Net Realized
and
Unrealized
Gain (Loss) | Total From
Investment
Operations | Net
Investment
Income | Net
Realized
Gains | Total
Distributions | Net Asset
Value,
End
of Period | Total
Return(2) | Operating
Expenses(3) | Net
Investment
Income
(Loss) | Portfolio
Turnover
Rate | Net Assets,
End of
Period
(in thousands) |
| One Choice In Retirement Portfolio R6 — R6 Class | | | | | | | | | |
2015(4) | $10.62 | 0.21 | 0.02 | 0.23 | (0.20) | (0.07) | (0.27) | $10.58 | 2.15% | 0.00%(5)(6) | 3.98%(5) | 12% |
| $21,493 |
|
| 2014 | $10.00 | 0.23 | 0.61 | 0.84 | (0.22) | — | (0.22) | $10.62 | 8.46% | 0.00%(6) | 2.16% | 34% |
| $11,492 |
|
2013(7) | $10.00 | — | — | — | — | — | — | $10.00 | 0.00% | 0.00% | 0.00% | 0% |
| $25 |
|
| One Choice 2015 Portfolio R6 — R6 Class | | | | | | | | | |
2015(4) | $10.72 | 0.21 | 0.03 | 0.24 | (0.24) | (0.05) | (0.29) | $10.67 | 2.19% | 0.00%(5)(6) | 3.85%(5) | 9% |
| $48,269 |
|
| 2014 | $10.00 | 0.21 | 0.65 | 0.86 | (0.14) | — | (0.14) | $10.72 | 8.70% | 0.00%(6) | 1.98% | 40% |
| $22,532 |
|
2013(7) | $10.00 | — | — | — | — | — | — | $10.00 | 0.00% | 0.00% | 0.00% | 0% |
| $25 |
|
| One Choice 2020 Portfolio R6 — R6 Class | | | | | | | | | |
2015(4) | $10.77 | 0.22 | 0.03 | 0.25 | (0.24) | (0.08) | (0.32) | $10.70 | 2.35% | 0.00%(5)(6) | 3.97%(5) | 4% |
| $79,777 |
|
| 2014 | $10.00 | 0.25 | 0.67 | 0.92 | (0.15) | — | (0.15) | $10.77 | 9.24% | 0.00%(6) | 2.36% | 43% |
| $42,086 |
|
2013(7) | $10.00 | — | — | — | — | — | — | $10.00 | 0.00% | 0.00% | 0.00% | 0% |
| $25 |
|
| One Choice 2025 Portfolio R6 — R6 Class | | | | | | | | | |
2015(4) | $10.85 | 0.22 | 0.07 | 0.29 | (0.24) | (0.05) | (0.29) | $10.85 | 2.59% | 0.00%(5)(6) | 3.97%(5) | 5% |
| $94,565 |
|
| 2014 | $10.00 | 0.22 | 0.78 | 1.00 | (0.15) | — | (0.15) | $10.85 | 10.04% | 0.00%(6) | 2.04% | 18% |
| $40,765 |
|
2013(7) | $10.00 | — | — | — | — | — | — | $10.00 | 0.00% | 0.00% | 0.00% | 0% |
| $25 |
|
|
| | | | | | | | | | | | | | | |
| For a Share Outstanding Throughout the Years Ended July 31 (except as noted) | |
| Per-Share Data | | | | | Ratios and Supplemental Data |
| | | Income From Investment Operations: | Distributions From: | | | Ratio to Average Net Assets of: | | |
| | Net Asset
Value,
Beginning
of Period | Net
Investment
Income
(Loss)(1) | Net Realized
and
Unrealized
Gain (Loss) | Total From
Investment
Operations | Net
Investment
Income | Net
Realized
Gains | Total
Distributions | Net Asset
Value,
End
of Period | Total
Return(2) | Operating
Expenses(3) | Net
Investment
Income
(Loss) | Portfolio
Turnover
Rate | Net Assets,
End of
Period
(in thousands) |
| One Choice 2030 Portfolio R6 — R6 Class | | | | | | | | | |
2015(4) | $10.88 | 0.22 | 0.10 | 0.32 | (0.23) | (0.07) | (0.30) | $10.90 | 2.91% | 0.00%(5)(6) | 4.00%(5) | 4% |
| $81,172 |
|
| 2014 | $10.00 | 0.23 | 0.81 | 1.04 | (0.16) | — | (0.16) | $10.88 | 10.48% | 0.00%(6) | 2.13% | 23% |
| $36,277 |
|
2013(7) | $10.00 | — | — | — | — | — | — | $10.00 | 0.00% | 0.00% | 0.00% | 0% |
| $25 |
|
| One Choice 2035 Portfolio R6 — R6 Class | | | | | | | | | |
2015(4) | $10.93 | 0.23 | 0.12 | 0.35 | (0.23) | (0.06) | (0.29) | $10.99 | 3.17% | 0.00%(5)(6) | 4.09%(5) | 3% |
| $71,592 |
|
| 2014 | $10.00 | 0.24 | 0.87 | 1.11 | (0.18) | — | (0.18) | $10.93 | 11.18% | 0.00%(6) | 2.19% | 12% |
| $31,453 |
|
2013(7) | $10.00 | — | — | — | — | — | — | $10.00 | 0.00% | 0.00% | 0.00% | 0% |
| $25 |
|
| One Choice 2040 Portfolio R6 — R6 Class | | | | | | | | | |
2015(4) | $11.01 | 0.24 | 0.12 | 0.36 | (0.25) | (0.08) | (0.33) | $11.04 | 3.22% | 0.00%(5)(6) | 4.23%(5) | 4% |
| $50,557 |
|
| 2014 | $10.00 | 0.24 | 0.96 | 1.20 | (0.19) | — | (0.19) | $11.01 | 12.13% | 0.00%(6) | 2.25% | 11% |
| $27,859 |
|
2013(7) | $10.00 | — | — | — | — | — | — | $10.00 | 0.00% | 0.00% | 0.00% | 0% |
| $25 |
|
| One Choice 2045 Portfolio R6 — R6 Class | | | | | | | | | |
2015(4) | $11.06 | 0.25 | 0.13 | 0.38 | (0.26) | (0.08) | (0.34) | $11.10 | 3.35% | 0.00%(5)(6) | 4.37%(5) | 7% |
| $42,026 |
|
| 2014 | $10.00 | 0.23 | 1.02 | 1.25 | (0.19) | — | (0.19) | $11.06 | 12.62% | 0.00%(6) | 2.13% | 12% |
| $22,698 |
|
2013(7) | $10.00 | — | — | — | — | — | — | $10.00 | 0.00% | 0.00% | 0.00% | 0% |
| $25 |
|
|
| | | | | | | | | | | | | | | |
| For a Share Outstanding Throughout the Years Ended July 31 (except as noted) | |
| Per-Share Data | | | | | Ratios and Supplemental Data |
| | | Income From Investment Operations: | Distributions From: | | | Ratio to Average Net Assets of: | | |
| | Net Asset
Value,
Beginning
of Period | Net
Investment
Income
(Loss)(1) | Net Realized
and
Unrealized
Gain (Loss) | Total From
Investment
Operations | Net
Investment
Income | Net
Realized
Gains | Total
Distributions | Net Asset
Value,
End
of Period | Total
Return(2) | Operating
Expenses(3) | Net
Investment
Income
(Loss) | Portfolio
Turnover
Rate | Net Assets,
End of
Period
(in thousands) |
| One Choice 2050 Portfolio R6 — R6 Class | | | | | | | | | |
2015(4) | $11.07 | 0.24 | 0.13 | 0.37 | (0.26) | (0.08) | (0.34) | $11.10 | 3.29% | 0.00%(5)(6) | 4.30%(5) | 4% |
| $26,203 |
|
| 2014 | $10.00 | 0.23 | 1.05 | 1.28 | (0.21) | — | (0.21) | $11.07 | 12.88% | 0.00%(6) | 2.11% | 13% |
| $16,981 |
|
2013(7) | $10.00 | — | — | — | — | — | — | $10.00 | 0.00% | 0.00% | 0.00% | 0% |
| $25 |
|
| One Choice 2055 Portfolio R6 — R6 Class | | | | | | | | | |
2015(4) | $11.16 | 0.25 | 0.12 | 0.37 | (0.26) | (0.01) | (0.27) | $11.26 | 3.31% | 0.00%(5)(6) | 4.32%(5) | 6% |
| $11,418 |
|
| 2014 | $10.00 | 0.13 | 1.19 | 1.32 | (0.16) | — | (0.16) | $11.16 | 13.22% | 0.00%(6) | 1.14% | 23% |
| $7,209 |
|
2013(7) | $10.00 | — | — | — | — | — | — | $10.00 | 0.00% | 0.00% | 0.00% | 0% |
| $25 |
|
|
|
| Notes to Financial Highlights |
| |
| (1) | Computed using average shares outstanding throughout the period. |
| |
| (2) | Total returns are calculated based on the net asset value of the last business day. Total returns for periods less than one year are not annualized. |
| |
| (3) | Ratio of operating expenses to average net assets does not include any fees and expenses of the underlying funds. |
| |
| (4) | Six months ended January 31, 2015 (unaudited). |
| |
| (6) | Ratio was less than 0.005%. |
| |
| (7) | For the one day period ended July 31, 2013 (fund inception). |
See Notes to Financial Statements.
Retirement Account Information
As required by law, distributions you receive from certain IRAs are subject to federal income tax withholding, unless you elect not to have withholding apply. Tax will be withheld on the total amount withdrawn even though you may be receiving amounts that are not subject to withholding, such as nondeductible contributions. In such case, excess amounts of withholding could occur. You may adjust your withholding election so that a greater or lesser amount will be withheld.
If you don’t want us to withhold on this amount, you must notify us to not withhold the federal income tax. You may notify us in writing or in certain situations by telephone or through other electronic means. For systematic withdrawals, your withholding election will remain in effect until revoked or changed by filing a new election. You have the right to revoke your election at any time.
Remember, even if you elect not to have income tax withheld, you are liable for paying income tax on the taxable portion of your withdrawal. If you elect not to have income tax withheld or you don’t have enough income tax withheld, you may be responsible for payment of estimated tax. You may incur penalties under the estimated tax rules if your withholding and estimated tax payments are not sufficient. You can reduce or defer the income tax on a distribution by directly or indirectly rolling such distribution over to another IRA or eligible plan. You should consult your tax advisor for additional information.
State tax will be withheld if, at the time of your distribution, your address is within one of the mandatory withholding states and you have federal income tax withheld (or as otherwise required by state law). State taxes will be withheld from your distribution in accordance with the respective state rules.
Distributions you receive from 403(b), 457 and qualified plans are subject to special tax and withholding rules. Your plan administrator or plan sponsor is required to provide you with a special tax notice explaining those rules at the time you request a distribution. If applicable, federal and/or state taxes may be withheld from your distribution amount.
Proxy Voting Policies
A description of the policies that the funds’ investment advisor uses in exercising the voting rights associated with the securities purchased and/or held by the funds is available without charge, upon request, by calling 1-800-378-9878. It is also available on the “About Us” page of American Century Investments’ website at americancentury.com and on the Securities and Exchange Commission’s
website at sec.gov. Information regarding how the investment advisor voted proxies relating to portfolio securities during the most recent 12-month period ended June 30 is available on the “About Us” page at americancentury.com. It is also available at sec.gov.
Quarterly Portfolio Disclosure
The funds file their complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year on Form N-Q. The funds’ Forms N-Q are available on the SEC’s website at sec.gov, and may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330. The funds also make their complete
schedule of portfolio holdings for the most recent quarter of their fiscal year available on their website at ipro.americancentury.com (for Investment Professionals) and, upon request, by calling 1-800-378-9878.
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| | |
| |
| | | |
| Contact Us | ipro.americancentury.com | |
| Automated Information Line | 1-800-345-8765 | |
Investment Professional
Service Representatives | 1-800-345-6488 | |
| Telecommunications Relay Services for the Deaf | 711 | |
| | | |
| American Century Asset Allocation Portfolios, Inc. | |
| | | |
Investment Advisor: American Century Investment Management, Inc. Kansas City, Missouri | |
| | | |
| This report and the statements it contains are submitted for the general information of our shareholders. The report is not authorized for distribution to prospective investors unless preceded or accompanied by an effective prospectus. | |
| | | |
©2015 American Century Proprietary Holdings, Inc. All rights reserved. CL-SAN-84894 1503 | |
ITEM 2. CODE OF ETHICS.
Not applicable for semiannual report filings.
ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.
Not applicable for semiannual report filings.
ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES.
Not applicable for semiannual report filings.
ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS.
Not applicable.
ITEM 6. INVESTMENTS.
| |
| (a) | The schedule of investments is included as part of the report to stockholders filed under Item 1 of this Form. |
ITEM 7. DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.
Not applicable.
ITEM 8. PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES.
Not applicable.
ITEM 9. PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERS.
Not applicable.
ITEM 10. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
During the reporting period, there were no material changes to the procedures by which shareholders may recommend nominees to the registrant’s board.
ITEM 11. CONTROLS AND PROCEDURES.
| |
| (a) | The registrant's principal executive officer and principal financial officer have concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) are |
effective based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report.
| |
| (b) | There were no changes in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the registrant's second fiscal quarter of the period covered by this report that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting. |
ITEM 12. EXHIBITS.
| |
| (a)(1) | Not applicable for semiannual report filings. |
| |
| (a)(2) | Separate certifications by the registrant’s principal executive officer and principal financial officer, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 and Rule 30a-2(a) under the Investment Company Act of 1940, are filed and attached hereto as EX-99.CERT. |
| |
| (b) | A certification by the registrant’s chief executive officer and chief financial officer, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, is furnished and attached hereto as EX- 99.906CERT. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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| | | | |
| Registrant: | American Century Asset Allocation Portfolios, Inc. | |
| | | | |
| | | | |
| By: | /s/ Jonathan S. Thomas | |
| | Name: | Jonathan S. Thomas | |
| | Title: | President | |
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| Date: | April 6, 2015 | |
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Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
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| By: | /s/ Jonathan S. Thomas | |
| | Name: | Jonathan S. Thomas | |
| | Title: | President | |
| | | (principal executive officer) | |
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| Date: | April 6, 2015 | |
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| By: | /s/ C. Jean Wade | |
| | Name: | C. Jean Wade | |
| | Title: | Vice President, Treasurer, and | |
| | | Chief Financial Officer | |
| | | (principal financial officer) | |
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| Date: | April 6, 2015 | |
