American Century One Choice 2040 Ptf Investor Class

American Century One Choice 2040 Portfolio Investor Class (ARDVX) is a target-date mutual fund managed by American Century Investments, a privately held investment management firm headquartered in Kansas City, Missouri, with approximately $298 billion in assets under management. The fund operates as a "fund of funds," seeking the highest total return consistent with its asset mix by investing in a diversified portfolio of other American Century mutual funds spanning U.S. equities, international equities, fixed income, and alternative asset classes across 22 underlying holdings. As its 2040 target date approaches, the fund follows a glide path that gradually shifts its asset allocation toward a more conservative mix, reducing equity exposure and increasing allocations to bonds and short-term investments to align with the retirement horizon of its investors. Since its inception on May 30, 2008, ARDVX has delivered an average annual return of 6.37%, with total net assets of approximately $1.4 billion, a net expense ratio of 0.85%, and a minimum initial investment of $2,500 for non-retirement accounts.