Fund Description

The fund is a fund of funds that seeks to achieve its objective by investing in other American Century Investments mutual funds representing a variety of asset classes and investment styles. Its asset allocation strategy generally invests in equity securities, but the portfolio managers may invest a portion of assets in fixed-income securities and short-term investments when they believe it is prudent. The managers regularly review the portfolio and may adjust allocations from a long-term neutral mix to emphasize areas they believe offer the most favorable outlook for meeting the objective, and allocations may also shift due to asset class performance or prevailing market conditions within established operating ranges.