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: | 07-31-2014 |
ANNUAL REPORT | JULY 31, 2014 |
Table of Contents |
President’s Letter | |
Performance | |
Portfolio Commentary | |
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 | |
Report of Independent Registered Public Accounting Firm | |
Management | |
Approval of Management Agreement | |
Additional Information |
President’s Letter |
![]() | Dear Investor: Thank you for reviewing this annual report for the 12 months ended July 31, 2014. It provides investment performance and portfolio information for the reporting period, plus longer-term historical performance data. Annual reports remain important vehicles for conveying information about fund returns, including market and economic factors that affected performance during the reporting period. For additional, updated investment and market insights, we encourage you to visit our website, americancentury.com. |
Jonathan Thomas |
Performance |
Total Returns as of July 31, 2014 | |||||
Average Annual Returns | |||||
Ticker Symbol | 1 year | 5 years | Since Inception | Inception Date | |
One Choice Portfolio: Very Conservative — Investor Class | AONIX | 5.99% | 6.30% | 5.01% | 9/30/04 |
One Choice Portfolio: Conservative — Investor Class | AOCIX | 8.43% | 9.07% | 6.22% | 9/30/04 |
One Choice Portfolio: Moderate — Investor Class | AOMIX | 10.51% | 11.21% | 7.28% | 9/30/04 |
One Choice Portfolio: Aggressive — Investor Class | AOGIX | 12.26% | 12.82% | 7.90% | 9/30/04 |
One Choice Portfolio: Very Aggressive — Investor Class | AOVIX | 13.94% | 14.09% | 8.12% | 9/30/04 |
Russell 3000 Index | — | 16.37% | 17.07% | 8.36% | — |
Barclays U.S. Aggregate Bond Index | — | 3.97% | 4.46% | 4.66% | — |
Growth of $10,000 Over Life of One Choice Portfolio: Very Conservative |
$10,000 investment made September 30, 2004 |
Value on July 31, 2014 | |
Investor Class — $16,169 | |
Russell 3000 Index — $22,035 | |
Barclays U.S. Aggregate Bond Index — $15,646 | |
Growth of $10,000 Over Life of One Choice Portfolio: Conservative |
$10,000 investment made September 30, 2004 |
Value on July 31, 2014 | |
Investor Class — $18,109 | |
Russell 3000 Index — $22,035 | |
Barclays U.S. Aggregate Bond Index — $15,646 | |
Growth of $10,000 Over Life of One Choice Portfolio: Moderate |
$10,000 investment made September 30, 2004 |
Value on July 31, 2014 | |
Investor Class — $19,970 | |
Russell 3000 Index — $22,035 | |
Barclays U.S. Aggregate Bond Index — $15,646 | |
Growth of $10,000 Over Life of One Choice Portfolio: Aggressive |
$10,000 investment made September 30, 2004 |
Value on July 31, 2014 | |
Investor Class — $21,137 | |
Russell 3000 Index — $22,035 | |
Barclays U.S. Aggregate Bond Index — $15,646 | |
Growth of $10,000 Over Life of One Choice Portfolio: Very Aggressive |
$10,000 investment made September 30, 2004 |
Value on July 31, 2014 | |
Investor Class — $21,562 | |
Russell 3000 Index — $22,035 | |
Barclays U.S. Aggregate Bond Index — $15,646 | |
Total Annual Fund Operating Expenses | |
One Choice Portfolio: Very Conservative — Investor Class | 0.64% |
One Choice Portfolio: Conservative — Investor Class | 0.75% |
One Choice Portfolio: Moderate — Investor Class | 0.88% |
One Choice Portfolio: Aggressive — Investor Class | 0.98% |
One Choice Portfolio: Very Aggressive — Investor Class | 1.06% |
Portfolio Commentary |
Portfolio Characteristics |
Underlying Fund Allocations(1) as a % of net assets as of July 31, 2014 | |||||
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% | 4.6% | 4.8% |
Equity Growth Fund | 3.9% | 6.9% | 11.8% | 10.1% | 13.0% |
Growth Fund | 4.4% | 6.6% | 9.9% | 16.1% | 19.8% |
Heritage Fund | 2.5% | 4.8% | 7.9% | 13.8% | 17.2% |
Large Company Value Fund | 6.9% | 9.9% | 8.4% | 7.6% | 9.5% |
Mid Cap Value Fund | 5.0% | 6.7% | 5.4% | 4.9% | 6.1% |
Real Estate Fund | 2.0% | 2.0% | 2.0% | 2.2% | 2.0% |
Small Company Fund | 1.0% | 2.0% | 2.3% | 2.4% | 2.5% |
Emerging Markets Fund | — | — | 3.9% | 6.7% | 7.5% |
International Growth Fund | — | 5.9% | 9.9% | 12.1% | 15.3% |
Total Equity | 26.7% | 46.7% | 65.4% | 80.5% | 97.7% |
Fixed Income | |||||
Diversified Bond Fund | 31.2% | 29.2% | 17.3% | 9.3% | 2.0% |
High-Yield Fund | — | — | 4.0% | 5.7% | — |
Inflation-Adjusted Bond Fund | 10.0% | 9.0% | 6.0% | 4.0% | — |
Short Duration Fund | 7.1% | — | — | — | — |
Short Duration Inflation Protection Bond Fund | 8.0% | — | — | — | — |
International Bond Fund | 10.0% | 7.9% | 3.0% | — | — |
Total Fixed Income | 66.3% | 46.1% | 30.3% | 19.0% | 2.0% |
Prime Money Market Fund | 7.0% | 7.2% | 4.3% | 0.5% | 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. |
Shareholder Fee Examples |
Beginning Account Value 2/1/14 | Ending Account Value 7/31/14 | Expenses Paid During Period(1) 2/1/14 - 7/31/14 | Annualized Expense Ratio(1) | Effective Expenses Paid During Period(2) 2/1/14 - 7/31/14 | Effective Annualized Expense Ratio(2) | |
One Choice Portfolio: Very Conservative | ||||||
Actual | ||||||
Investor Class | $1,000 | $1,038.10 | $0.00 | 0.00%(3) | $3.34 | 0.66% |
Hypothetical | ||||||
Investor Class | $1,000 | $1,024.80 | $0.00 | 0.00%(3) | $3.31 | 0.66% |
One Choice Portfolio: Conservative | ||||||
Actual | ||||||
Investor Class | $1,000 | $1,048.20 | $0.00 | 0.00%(3) | $3.81 | 0.75% |
Hypothetical | ||||||
Investor Class | $1,000 | $1,024.80 | $0.00 | 0.00%(3) | $3.76 | 0.75% |
One Choice Portfolio: Moderate | ||||||
Actual | ||||||
Investor Class | $1,000 | $1,058.00 | $0.00 | 0.00%(3) | $4.39 | 0.86% |
Hypothetical | ||||||
Investor Class | $1,000 | $1,024.80 | $0.00 | 0.00%(3) | $4.31 | 0.86% |
One Choice Portfolio: Aggressive | ||||||
Actual | ||||||
Investor Class | $1,000 | $1,063.30 | $0.00 | 0.00%(3) | $4.91 | 0.96% |
Hypothetical | ||||||
Investor Class | $1,000 | $1,024.80 | $0.00 | 0.00%(3) | $4.81 | 0.96% |
One Choice Portfolio: Very Aggressive | ||||||
Actual | ||||||
Investor Class | $1,000 | $1,071.30 | $0.00 | 0.00%(3) | $5.24 | 1.02% |
Hypothetical | ||||||
Investor Class | $1,000 | $1,024.80 | $0.00 | 0.00%(3) | $5.11 | 1.02% |
(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 181, 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%. |
Schedules of Investments |
Shares | Value | ||||
MUTUAL FUNDS(1) — 100.0% | |||||
DOMESTIC FIXED INCOME FUNDS — 56.3% | |||||
Diversified Bond Fund Investor Class | 10,265,612 | $ | 110,765,956 | ||
Inflation-Adjusted Bond Fund Investor Class | 2,968,784 | 35,625,413 | |||
Short Duration Fund Investor Class | 2,419,977 | 25,022,560 | |||
Short Duration Inflation Protection Bond Fund Investor Class | 2,759,362 | 28,559,396 | |||
199,973,325 | |||||
DOMESTIC EQUITY FUNDS — 26.7% | |||||
Core Equity Plus Fund Investor Class | 234,324 | 3,521,896 | |||
Equity Growth Fund Investor Class | 432,706 | 13,998,043 | |||
Growth Fund Investor Class | 465,132 | 15,763,310 | |||
Heritage Fund Investor Class | 341,273 | 8,770,710 | |||
Large Company Value Fund Investor Class | 2,867,540 | 24,517,470 | |||
Mid Cap Value Fund Investor Class | 1,041,021 | 17,593,261 | |||
Real Estate Fund Investor Class | 259,872 | 7,047,738 | |||
Small Company Fund Investor Class | 279,358 | 3,461,240 | |||
94,673,668 | |||||
INTERNATIONAL FIXED INCOME FUNDS — 10.0% | |||||
International Bond Fund Investor Class | 2,481,401 | 35,508,854 | |||
MONEY MARKET FUNDS — 7.0% | |||||
Prime Money Market Fund Investor Class | 25,009,253 | 25,009,253 | |||
TOTAL INVESTMENT SECURITIES — 100.0% (Cost $315,386,706) | 355,165,100 | ||||
OTHER ASSETS AND LIABILITIES† | (60 | ) | |||
TOTAL NET ASSETS — 100.0% | $ | 355,165,040 |
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. |
Shares | Value | ||||
MUTUAL FUNDS(1) — 100.0% | |||||
DOMESTIC EQUITY FUNDS — 40.8% | |||||
Core Equity Plus Fund Investor Class | 1,207,228 | $ | 18,144,640 | ||
Equity Growth Fund Investor Class | 1,969,618 | 63,717,139 | |||
Growth Fund Investor Class | 1,801,189 | 61,042,304 | |||
Heritage Fund Investor Class | 1,753,858 | 45,074,146 | |||
Large Company Value Fund Investor Class | 10,716,355 | 91,624,838 | |||
Mid Cap Value Fund Investor Class | 3,655,576 | 61,779,238 | |||
Real Estate Fund Investor Class | 699,140 | 18,960,665 | |||
Small Company Fund Investor Class | 1,474,446 | 18,268,387 | |||
378,611,357 | |||||
DOMESTIC FIXED INCOME FUNDS — 38.2% | |||||
Diversified Bond Fund Investor Class | 25,128,538 | 271,136,927 | |||
Inflation-Adjusted Bond Fund Investor Class | 6,937,281 | 83,247,371 | |||
354,384,298 | |||||
INTERNATIONAL FIXED INCOME FUNDS — 7.9% | |||||
International Bond Fund Investor Class | 5,159,320 | 73,829,863 | |||
MONEY MARKET FUNDS — 7.2% | |||||
Prime Money Market Fund Investor Class | 66,717,786 | 66,717,786 | |||
INTERNATIONAL EQUITY FUNDS — 5.9% | |||||
International Growth Fund Investor Class | 4,054,291 | 54,408,587 | |||
TOTAL INVESTMENT SECURITIES — 100.0% (Cost $781,435,406) | 927,951,891 | ||||
OTHER ASSETS AND LIABILITIES† | 3,340 | ||||
TOTAL NET ASSETS — 100.0% | $ | 927,955,231 |
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. |
Shares | Value | ||||
MUTUAL FUNDS(1) — 100.0% | |||||
DOMESTIC EQUITY FUNDS — 51.6% | |||||
Core Equity Plus Fund Investor Class | 3,745,530 | $ | 56,295,319 | ||
Equity Growth Fund Investor Class | 5,276,218 | 170,685,667 | |||
Growth Fund Investor Class | 4,202,562 | 142,424,837 | |||
Heritage Fund Investor Class | 4,424,319 | 113,704,991 | |||
Large Company Value Fund Investor Class | 14,106,613 | 120,611,539 | |||
Mid Cap Value Fund Investor Class | 4,641,451 | 78,440,517 | |||
Real Estate Fund Investor Class | 1,083,039 | 29,372,016 | |||
Small Company Fund Investor Class | 2,636,926 | 32,671,509 | |||
744,206,395 | |||||
DOMESTIC FIXED INCOME FUNDS — 27.3% | |||||
Diversified Bond Fund Investor Class | 23,118,180 | 249,445,157 | |||
High-Yield Fund Investor Class | 9,338,759 | 57,339,983 | |||
Inflation-Adjusted Bond Fund Investor Class | 7,232,625 | 86,791,505 | |||
393,576,645 | |||||
INTERNATIONAL EQUITY FUNDS — 13.8% | |||||
Emerging Markets Fund Investor Class | 6,221,211 | 56,986,291 | |||
International Growth Fund Investor Class | 10,609,991 | 142,386,077 | |||
199,372,368 | |||||
MONEY MARKET FUNDS — 4.3% | |||||
Prime Money Market Fund Investor Class | 62,757,810 | 62,757,810 | |||
INTERNATIONAL FIXED INCOME FUNDS — 3.0% | |||||
International Bond Fund Investor Class | 2,982,275 | 42,676,358 | |||
TOTAL INVESTMENT SECURITIES — 100.0% (Cost $1,141,563,666) | 1,442,589,576 | ||||
OTHER ASSETS AND LIABILITIES† | (94 | ) | |||
TOTAL NET ASSETS — 100.0% | $ | 1,442,589,482 |
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. |
Shares | Value | ||||
MUTUAL FUNDS(1) — 100.0% | |||||
DOMESTIC EQUITY FUNDS — 61.7% | |||||
Core Equity Plus Fund Investor Class | 3,146,879 | $ | 47,297,592 | ||
Equity Growth Fund Investor Class | 3,224,038 | 104,297,632 | |||
Growth Fund Investor Class | 4,880,288 | 165,392,952 | |||
Heritage Fund Investor Class | 5,533,245 | 142,204,401 | |||
Large Company Value Fund Investor Class | 9,187,641 | 78,554,335 | |||
Mid Cap Value Fund Investor Class | 2,950,125 | 49,857,115 | |||
Real Estate Fund Investor Class | 820,373 | 22,248,520 | |||
Small Company Fund Investor Class | 2,014,784 | 24,963,171 | |||
634,815,718 | |||||
DOMESTIC FIXED INCOME FUNDS — 19.0% | |||||
Diversified Bond Fund Investor Class | 8,899,535 | 96,025,988 | |||
High-Yield Fund Investor Class | 9,552,217 | 58,650,614 | |||
Inflation-Adjusted Bond Fund Investor Class | 3,407,557 | 40,890,681 | |||
195,567,283 | |||||
INTERNATIONAL EQUITY FUNDS — 18.8% | |||||
Emerging Markets Fund Investor Class | 7,511,031 | 68,801,045 | |||
International Growth Fund Investor Class | 9,255,905 | 124,214,250 | |||
193,015,295 | |||||
MONEY MARKET FUNDS — 0.5% | |||||
Prime Money Market Fund Investor Class | 4,776,985 | 4,776,985 | |||
TOTAL INVESTMENT SECURITIES — 100.0% (Cost $779,553,244) | 1,028,175,281 | ||||
OTHER ASSETS AND LIABILITIES† | 9,934 | ||||
TOTAL NET ASSETS — 100.0% | $ | 1,028,185,215 |
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. |
Shares | Value | ||||
MUTUAL FUNDS(1) — 100.0% | |||||
DOMESTIC EQUITY FUNDS — 74.9% | |||||
Core Equity Plus Fund Investor Class | 852,356 | $ | 12,810,914 | ||
Equity Growth Fund Investor Class | 1,077,032 | 34,841,972 | |||
Growth Fund Investor Class | 1,560,693 | 52,891,878 | |||
Heritage Fund Investor Class | 1,787,233 | 45,931,900 | |||
Large Company Value Fund Investor Class | 2,982,775 | 25,502,726 | |||
Mid Cap Value Fund Investor Class | 959,559 | 16,216,543 | |||
Real Estate Fund Investor Class | 201,912 | 5,475,859 | |||
Small Company Fund Investor Class | 543,421 | 6,732,986 | |||
200,404,778 | |||||
INTERNATIONAL EQUITY FUNDS — 22.8% | |||||
Emerging Markets Fund Investor Class | 2,203,298 | 20,182,212 | |||
International Growth Fund Investor Class | 3,047,613 | 40,898,971 | |||
61,081,183 | |||||
DOMESTIC FIXED INCOME FUNDS — 2.0% | |||||
Diversified Bond Fund Investor Class | 487,542 | 5,260,574 | |||
MONEY MARKET FUNDS — 0.3% | |||||
Prime Money Market Fund Investor Class | 790,132 | 790,132 | |||
TOTAL INVESTMENT SECURITIES — 100.0% (Cost $178,464,916) | 267,536,667 | ||||
OTHER ASSETS AND LIABILITIES† | (1 | ) | |||
TOTAL NET ASSETS — 100.0% | $ | 267,536,666 |
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. |
Statements of Assets and Liabilities |
JULY 31, 2014 | |||||||||
One Choice Portfolio: Very Conservative | One Choice Portfolio: Conservative | One Choice Portfolio: Moderate | |||||||
Assets | |||||||||
Investment securities in affiliates, at value (cost of $315,386,706, $781,435,406 and $1,141,563,666, respectively) | $ | 355,165,100 | $ | 927,951,891 | $ | 1,442,589,576 | |||
Cash | — | 70 | — | ||||||
Receivable for investments sold | 17,377 | — | — | ||||||
Receivable for capital shares sold | 270,972 | 1,120,037 | 1,309,690 | ||||||
Distributions receivable from affiliates | 268,033 | 559,369 | 774,285 | ||||||
355,721,482 | 929,631,367 | 1,444,673,551 | |||||||
Liabilities | |||||||||
Payable for investments purchased | 268,093 | 954,418 | 1,082,492 | ||||||
Payable for capital shares redeemed | 288,349 | 721,718 | 1,001,577 | ||||||
556,442 | 1,676,136 | 2,084,069 | |||||||
Net Assets | $ | 355,165,040 | $ | 927,955,231 | $ | 1,442,589,482 | |||
Investor Class Capital Shares, $0.01 Par Value | |||||||||
Shares outstanding | 29,742,328 | 68,816,912 | 96,429,514 | ||||||
Net Asset Value Per Share | $ | 11.94 | $ | 13.48 | $ | 14.96 | |||
Net Assets Consist of: | |||||||||
Capital (par value and paid-in surplus) | $ | 317,960,800 | $ | 792,509,936 | $ | 1,183,930,507 | |||
Undistributed net investment income | 35,221 | 692,736 | 920,550 | ||||||
Accumulated net realized loss | (2,609,375 | ) | (11,763,926 | ) | (43,287,485 | ) | |||
Net unrealized appreciation | 39,778,394 | 146,516,485 | 301,025,910 | ||||||
$ | 355,165,040 | $ | 927,955,231 | $ | 1,442,589,482 |
JULY 31, 2014 | ||||||
One Choice Portfolio: Aggressive | One Choice Portfolio: Very Aggressive | |||||
Assets | ||||||
Investment securities in affiliates, at value (cost of $779,553,244 and $178,464,916, respectively) | $ | 1,028,175,281 | $ | 267,536,667 | ||
Receivable for investments sold | 413,805 | 465,373 | ||||
Receivable for capital shares sold | 442,678 | 77,859 | ||||
Distributions receivable from affiliates | 456,665 | 10,975 | ||||
1,029,488,429 | 268,090,874 | |||||
Liabilities | ||||||
Payable for investments purchased | 456,730 | 10,976 | ||||
Payable for capital shares redeemed | 846,484 | 543,232 | ||||
1,303,214 | 554,208 | |||||
Net Assets | $ | 1,028,185,215 | $ | 267,536,666 | ||
Investor Class Capital Shares, $0.01 Par Value | ||||||
Shares outstanding | 63,097,273 | 15,484,238 | ||||
Net Asset Value Per Share | $ | 16.30 | $ | 17.28 | ||
Net Assets Consist of: | ||||||
Capital (par value and paid-in surplus) | $ | 788,904,503 | $ | 192,684,971 | ||
Undistributed net investment income | 7,550,146 | 2,908,624 | ||||
Accumulated net realized loss | (16,891,471 | ) | (17,128,680 | ) | ||
Net unrealized appreciation | 248,622,037 | 89,071,751 | ||||
$ | 1,028,185,215 | $ | 267,536,666 |
Statements of Operations |
YEAR ENDED JULY 31, 2014 | |||||||||
One Choice Portfolio: Very Conservative | One Choice Portfolio: Conservative | One Choice Portfolio: Moderate | |||||||
Investment Income (Loss) | |||||||||
Income from Affiliates: | |||||||||
Income distributions from underlying funds | $ | 6,036,003 | $ | 15,484,634 | $ | 24,277,400 | |||
Expenses: | |||||||||
Directors' fees and expenses | 5,940 | 15,666 | 22,167 | ||||||
Other expenses | 35 | — | — | ||||||
5,975 | 15,666 | 22,167 | |||||||
Net investment income (loss) | 6,030,028 | 15,468,968 | 24,255,233 | ||||||
Net Realized and Unrealized Gain (Loss) on Affiliates | |||||||||
Net realized gain (loss) on: | |||||||||
Sale of investments in underlying funds | 2,165,103 | 135,774 | 772,962 | ||||||
Capital gain distributions received from underlying funds | 3,523,715 | 12,668,005 | 25,492,746 | ||||||
5,688,818 | 12,803,779 | 26,265,708 | |||||||
Change in net unrealized appreciation (depreciation) on investments in underlying funds | 8,441,215 | 39,257,283 | 76,131,071 | ||||||
Net realized and unrealized gain (loss) on affiliates | 14,130,033 | 52,061,062 | 102,396,779 | ||||||
Net Increase (Decrease) in Net Assets Resulting from Operations | $ | 20,160,061 | $ | 67,530,030 | $ | 126,652,012 |
YEAR ENDED JULY 31, 2014 | ||||||
One Choice Portfolio: Aggressive | One Choice Portfolio: Very Aggressive | |||||
Investment Income (Loss) | ||||||
Income from Affiliates: | ||||||
Income distributions from underlying funds | $ | 16,898,015 | $ | 3,743,600 | ||
Expenses: | ||||||
Directors' fees and expenses | 17,252 | 3,751 | ||||
Net investment income (loss) | 16,880,763 | 3,739,849 | ||||
Net Realized and Unrealized Gain (Loss) on Affiliates | ||||||
Net realized gain (loss) on: | ||||||
Sale of investments in underlying funds | 1,930,549 | 1,058,124 | ||||
Capital gain distributions received from underlying funds | 24,790,479 | 7,757,538 | ||||
26,721,028 | 8,815,662 | |||||
Change in net unrealized appreciation (depreciation) on investments in underlying funds | 63,651,077 | 20,587,527 | ||||
Net realized and unrealized gain (loss) on affiliates | 90,372,105 | 29,403,189 | ||||
Net Increase (Decrease) in Net Assets Resulting from Operations | $ | 107,252,868 | $ | 33,143,038 |
Statements of Changes in Net Assets |
YEARS ENDED JULY 31, 2014 AND JULY 31, 2013 | ||||||||||||
One Choice Portfolio: Very Conservative | One Choice Portfolio: Conservative | |||||||||||
Increase (Decrease) in Net Assets | July 31, 2014 | July 31, 2013 | July 31, 2014 | July 31, 2013 | ||||||||
Operations | ||||||||||||
Net investment income (loss) | $ | 6,030,028 | $ | 5,786,690 | $ | 15,468,968 | $ | 12,134,400 | ||||
Net realized gain (loss) | 5,688,818 | 2,591,505 | 12,803,779 | 2,181,605 | ||||||||
Change in net unrealized appreciation (depreciation) | 8,441,215 | 4,329,003 | 39,257,283 | 43,533,461 | ||||||||
Net increase (decrease) in net assets resulting from operations | 20,160,061 | 12,707,198 | 67,530,030 | 57,849,466 | ||||||||
Distributions to Shareholders | ||||||||||||
From net investment income | (5,977,895 | ) | (5,714,296 | ) | (15,269,425 | ) | (12,019,382 | ) | ||||
From net realized gains | (2,884,902 | ) | (2,174,312 | ) | — | — | ||||||
Decrease in net assets from distributions | (8,862,797 | ) | (7,888,608 | ) | (15,269,425 | ) | (12,019,382 | ) | ||||
Capital Share Transactions | ||||||||||||
Proceeds from shares sold | 91,897,942 | 175,070,125 | 253,758,564 | 238,210,253 | ||||||||
Proceeds from reinvestment of distributions | 8,651,237 | 7,669,525 | 14,973,084 | 11,764,492 | ||||||||
Payments for shares redeemed | (108,307,943 | ) | (130,997,024 | ) | (139,163,133 | ) | (123,029,511 | ) | ||||
Net increase (decrease) in net assets from capital share transactions | (7,758,764 | ) | 51,742,626 | 129,568,515 | 126,945,234 | |||||||
Net increase (decrease) in net assets | 3,538,500 | 56,561,216 | 181,829,120 | 172,775,318 | ||||||||
Net Assets | ||||||||||||
Beginning of period | 351,626,540 | 295,065,324 | 746,126,111 | 573,350,793 | ||||||||
End of period | $ | 355,165,040 | $ | 351,626,540 | $ | 927,955,231 | $ | 746,126,111 | ||||
Undistributed net investment income | $ | 35,221 | $ | 297,843 | $ | 692,736 | $ | 493,193 | ||||
Transactions in Shares of the Funds | ||||||||||||
Sold | 7,832,402 | 15,207,290 | 19,381,020 | 19,357,865 | ||||||||
Issued in reinvestment of distributions | 742,348 | 671,694 | 1,139,728 | 967,975 | ||||||||
Redeemed | (9,257,466 | ) | (11,388,907 | ) | (10,643,243 | ) | (10,017,581 | ) | ||||
Net increase (decrease) in shares of the funds | (682,716 | ) | 4,490,077 | 9,877,505 | 10,308,259 |
YEARS ENDED JULY 31, 2014 AND JULY 31, 2013 | ||||||||||||
One Choice Portfolio: Moderate | One Choice Portfolio: Aggressive | |||||||||||
Increase (Decrease) in Net Assets | July 31, 2014 | July 31, 2013 | July 31, 2014 | July 31, 2013 | ||||||||
Operations | ||||||||||||
Net investment income (loss) | $ | 24,255,233 | $ | 17,853,732 | $ | 16,880,763 | $ | 12,628,776 | ||||
Net realized gain (loss) | 26,265,708 | 2,057,877 | 26,721,028 | 2,687,585 | ||||||||
Change in net unrealized appreciation (depreciation) | 76,131,071 | 111,824,039 | 63,651,077 | 110,506,997 | ||||||||
Net increase (decrease) in net assets resulting from operations | 126,652,012 | 131,735,648 | 107,252,868 | 125,823,358 | ||||||||
Distributions to Shareholders | ||||||||||||
From net investment income | (24,018,441 | ) | (17,736,660 | ) | (14,880,948 | ) | (11,004,640 | ) | ||||
Capital Share Transactions | ||||||||||||
Proceeds from shares sold | 371,485,435 | 288,203,911 | 215,763,985 | 286,287,049 | ||||||||
Proceeds from reinvestment of distributions | 23,668,750 | 17,397,464 | 14,764,862 | 10,916,991 | ||||||||
Payments for shares redeemed | (188,766,887 | ) | (155,755,184 | ) | (147,622,947 | ) | (125,315,608 | ) | ||||
Net increase (decrease) in net assets from capital share transactions | 206,387,298 | 149,846,191 | 82,905,900 | 171,888,432 | ||||||||
Net increase (decrease) in net assets | 309,020,869 | 263,845,179 | 175,277,820 | 286,707,150 | ||||||||
Net Assets | ||||||||||||
Beginning of period | 1,133,568,613 | 869,723,434 | 852,907,395 | 566,200,245 | ||||||||
End of period | $ | 1,442,589,482 | $ | 1,133,568,613 | $ | 1,028,185,215 | $ | 852,907,395 | ||||
Undistributed net investment income | $ | 920,550 | $ | 683,758 | $ | 7,550,146 | $ | 5,550,331 | ||||
Transactions in Shares of the Funds | ||||||||||||
Sold | 25,608,183 | 21,914,726 | 13,749,731 | 21,472,247 | ||||||||
Issued in reinvestment of distributions | 1,624,838 | 1,347,690 | 941,037 | 833,995 | ||||||||
Redeemed | (13,026,618 | ) | (11,939,485 | ) | (9,414,416 | ) | (9,130,607 | ) | ||||
Net increase (decrease) in shares of the funds | 14,206,403 | 11,322,931 | 5,276,352 | 13,175,635 |
YEARS ENDED JULY 31, 2014 AND JULY 31, 2013 | ||||||
One Choice Portfolio: Very Aggressive | ||||||
Increase (Decrease) in Net Assets | July 31, 2014 | July 31, 2013 | ||||
Operations | ||||||
Net investment income (loss) | $ | 3,739,849 | $ | 2,737,383 | ||
Net realized gain (loss) | 8,815,662 | 1,559,728 | ||||
Change in net unrealized appreciation (depreciation) | 20,587,527 | 38,409,586 | ||||
Net increase (decrease) in net assets resulting from operations | 33,143,038 | 42,706,697 | ||||
Distributions to Shareholders | ||||||
From net investment income | (2,298,997 | ) | (2,001,337 | ) | ||
Capital Share Transactions | ||||||
Proceeds from shares sold | 44,771,752 | 55,220,412 | ||||
Proceeds from reinvestment of distributions | 2,279,082 | 1,978,556 | ||||
Payments for shares redeemed | (44,987,543 | ) | (56,467,670 | ) | ||
Net increase (decrease) in net assets from capital share transactions | 2,063,291 | 731,298 | ||||
Net increase (decrease) in net assets | 32,907,332 | 41,436,658 | ||||
Net Assets | ||||||
Beginning of period | 234,629,334 | 193,192,676 | ||||
End of period | $ | 267,536,666 | $ | 234,629,334 | ||
Undistributed net investment income | $ | 2,908,624 | $ | 1,467,772 | ||
Transactions in Shares of the Funds | ||||||
Sold | 2,726,163 | 3,971,089 | ||||
Issued in reinvestment of distributions | 136,965 | 150,232 | ||||
Redeemed | (2,716,235 | ) | (4,086,886 | ) | ||
Net increase (decrease) in shares of the funds | 146,893 | 34,435 |
Notes to Financial Statements |
One Choice Portfolio: Very Conservative | One Choice Portfolio: Conservative | One Choice Portfolio: Moderate | One Choice Portfolio: Aggressive | One Choice Portfolio: Very Aggressive | |||||||||||
Purchases | $ | 40,239,465 | $ | 160,180,697 | $ | 265,920,232 | $ | 156,610,297 | $ | 31,419,289 | |||||
Sales | $ | 47,307,196 | $ | 17,747,928 | $ | 33,803,124 | $ | 46,923,883 | $ | 20,157,606 |
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 | $ | 112,481,950 | $ | 9,444,969 | $ | 12,505,777 | $ | (594,069 | ) | $ | 3,549,722 | $ | 110,765,956 | |||||
Inflation-Adjusted Bond Fund | 35,259,848 | 3,296,161 | 2,600,662 | (259,363 | ) | 1,572,739 | 35,625,413 | |||||||||||
Short Duration Fund | 24,547,612 | 1,635,396 | 908,005 | (9,835 | ) | 384,483 | 25,022,560 | |||||||||||
Short Duration Inflation Protection Bond Fund | 28,115,083 | 1,399,532 | 1,029,838 | (27,634 | ) | 131,080 | 28,559,396 | |||||||||||
Core Equity Plus Fund | 3,587,742 | 295,909 | 595,618 | 113,383 | 254,449 | 3,521,896 | ||||||||||||
Equity Growth Fund | 14,168,929 | 1,862,381 | 3,010,939 | 444,022 | 771,365 | 13,998,043 | ||||||||||||
Growth Fund | 12,261,388 | 4,818,716 | 2,367,186 | 214,920 | 730,299 | 15,763,310 | ||||||||||||
Heritage Fund(3) | 5,385,166 | 4,131,337 | 879,713 | 139,102 | 331,993 | 8,770,710 | ||||||||||||
Large Company Value Fund | 24,591,504 | 3,047,384 | 4,958,791 | 1,061,833 | 390,415 | 24,517,470 | ||||||||||||
Mid Cap Value Fund | 17,516,220 | 2,493,043 | 3,448,130 | 437,552 | 1,213,315 | 17,593,261 | ||||||||||||
Real Estate Fund | 6,870,368 | 934,479 | 1,399,715 | 117,043 | 132,349 | 7,047,738 | ||||||||||||
Small Company Fund | 3,626,545 | 3,981,136 | 4,289,818 | 669,506 | 16,567 | 3,461,240 | ||||||||||||
International Bond Fund | 35,153,369 | 1,921,954 | 3,119,297 | (141,357 | ) | 78,291 | 35,508,854 | |||||||||||
Prime Money Market Fund | 28,060,789 | 977,068 | 4,028,604 | — | 2,651 | 25,009,253 | ||||||||||||
$ | 351,626,513 | $ | 40,239,465 | $ | 45,142,093 | $ | 2,165,103 | $ | 9,559,718 | $ | 355,165,100 |
(1) | Underlying fund investments represent Investor Class. |
(2) | Distributions received includes distributions from net investment income and from capital gains, if any. |
(3) | The fund owned Investor Class shares of VistaSM Fund at the beginning of the period. Pursuant to an agreement and plan of reorganization, the net assets of Vista Fund were transferred to Heritage Fund in exchange for shares of Heritage Fund as of the close of business on December 6, 2013. The fund owned Investor Class shares of Heritage Fund after the reorganization and the transactions presented for the period include activity from both underlying funds. |
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 | $ | 15,106,260 | $ | 1,412,813 | — | — | $ | 1,198,596 | $ | 18,144,640 | ||||||||
Equity Growth Fund | 52,926,215 | 6,319,071 | $ | 1,406,731 | $ | 56,459 | 3,220,014 | 63,717,139 | ||||||||||
Growth Fund | 42,587,868 | 14,419,244 | 676,260 | 23,120 | 2,857,363 | 61,042,304 | ||||||||||||
Heritage Fund(3) | 30,482,498 | 13,278,232 | 114,971 | 24,146 | 2,091,463 | 45,074,146 | ||||||||||||
Large Company Value Fund | 75,229,066 | 8,077,529 | 1,707,964 | 48,354 | 1,337,724 | 91,624,838 | ||||||||||||
Mid Cap Value Fund | 50,831,500 | 6,313,555 | 162,837 | (921 | ) | 3,889,738 | 61,779,238 | |||||||||||
Real Estate Fund | 14,146,953 | 2,859,478 | — | — | 315,610 | 18,960,665 | ||||||||||||
Small Company Fund | 11,882,650 | 7,901,078 | 3,233,437 | 461,202 | 51,858 | 18,268,387 | ||||||||||||
Diversified Bond Fund | 223,223,983 | 54,892,964 | 9,493,011 | (530,907 | ) | 7,949,459 | 271,136,927 | |||||||||||
Inflation-Adjusted Bond Fund | 66,696,116 | 17,605,814 | 2,560 | (280 | ) | 3,377,562 | 83,247,371 | |||||||||||
International Bond Fund | 58,838,025 | 12,325,759 | — | — | 147,432 | 73,829,863 | ||||||||||||
Prime Money Market Fund | 58,920,014 | 7,820,072 | 22,300 | — | 6,450 | 66,717,786 | ||||||||||||
International Growth Fund | 45,254,917 | 6,955,088 | 792,083 | 54,601 | 1,709,370 | 54,408,587 | ||||||||||||
$ | 746,126,065 | $ | 160,180,697 | $ | 17,612,154 | $ | 135,774 | $ | 28,152,639 | $ | 927,951,891 |
(1) | Underlying fund investments represent Investor Class. |
(2) | Distributions received includes distributions from net investment income and from capital gains, if any. |
(3) | The fund owned Investor Class shares of VistaSM Fund at the beginning of the period. Pursuant to an agreement and plan of reorganization, the net assets of Vista Fund were transferred to Heritage Fund in exchange for shares of Heritage Fund as of the close of business on December 6, 2013. The fund owned Investor Class shares of Heritage Fund after the reorganization and the transactions presented for the period include activity from both underlying funds. |
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 | $ | 45,780,664 | $ | 5,558,133 | — | — | $ | 3,633,156 | $ | 56,295,319 | ||||||||
Equity Growth Fund | 137,690,638 | 18,645,577 | $ | 973,854 | $ | 64,401 | 8,400,908 | 170,685,667 | ||||||||||
Growth Fund | 100,860,171 | 30,325,180 | — | — | 6,762,067 | 142,424,837 | ||||||||||||
Heritage Fund(3) | 80,784,413 | 29,371,605 | 461,176 | 100,709 | 5,529,567 | 113,704,991 | ||||||||||||
Large Company Value Fund | 97,813,955 | 9,892,313 | — | — | 1,738,232 | 120,611,539 | ||||||||||||
Mid Cap Value Fund | 62,916,981 | 9,593,529 | — | — | 4,783,790 | 78,440,517 | ||||||||||||
Real Estate Fund | 20,976,956 | 5,303,879 | — | — | 490,107 | 29,372,016 | ||||||||||||
Small Company Fund | 24,282,674 | 11,676,959 | 5,937,931 | 1,352,378 | 94,498 | 32,671,509 | ||||||||||||
Diversified Bond Fund | 208,010,505 | 51,699,654 | 12,847,792 | (644,260 | ) | 7,571,035 | 249,445,157 | |||||||||||
High-Yield Fund | 43,500,168 | 22,850,240 | 8,337,888 | (146,593 | ) | 2,602,335 | 57,339,983 | |||||||||||
Inflation-Adjusted Bond Fund | 66,226,587 | 21,554,844 | — | — | 3,478,638 | 86,791,505 | ||||||||||||
Emerging Markets Fund | 44,345,838 | 7,256,739 | 671,931 | (28,058 | ) | 190,146 | 56,986,291 | |||||||||||
International Growth Fund | 113,454,937 | 22,780,983 | 1,363,886 | 74,385 | 4,404,638 | 142,386,077 | ||||||||||||
Prime Money Market Fund | 54,424,215 | 10,769,299 | 2,435,704 | — | 6,175 | 62,757,810 | ||||||||||||
International Bond Fund | 32,499,733 | 8,641,298 | — | — | 84,854 | 42,676,358 | ||||||||||||
$ | 1,133,568,435 | $ | 265,920,232 | $ | 33,030,162 | $ | 772,962 | $ | 49,770,146 | $ | 1,442,589,576 |
(1) | Underlying fund investments represent Investor Class. |
(2) | Distributions received includes distributions from net investment income and from capital gains, if any. |
(3) | The fund owned Investor Class shares of VistaSM Fund at the beginning of the period. Pursuant to an agreement and plan of reorganization, the net assets of Vista Fund were transferred to Heritage Fund in exchange for shares of Heritage Fund as of the close of business on December 6, 2013. The fund owned Investor Class shares of Heritage Fund after the reorganization and the transactions presented for the period include activity from both underlying funds. |
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 | $ | 39,370,144 | $ | 4,736,083 | $ | 834,502 | $ | 243,772 | $ | 3,044,567 | $ | 47,297,592 | ||||||
Equity Growth Fund | 86,510,946 | 9,824,748 | 1,481,670 | 94,409 | 5,183,787 | 104,297,632 | ||||||||||||
Growth Fund | 131,970,953 | 22,327,356 | 2,681,358 | 154,785 | 8,656,069 | 165,392,952 | ||||||||||||
Heritage Fund(3) | 117,995,648 | 22,910,206 | 4,071,166 | 715,756 | 7,881,565 | 142,204,401 | ||||||||||||
Large Company Value Fund | 64,760,713 | 6,507,813 | 1,145,046 | 24,125 | 1,141,646 | 78,554,335 | ||||||||||||
Mid Cap Value Fund | 41,257,891 | 4,822,726 | 52,559 | 20 | 3,086,274 | 49,857,115 | ||||||||||||
Real Estate Fund | 15,633,180 | 4,551,527 | 254,516 | (3,988 | ) | 360,125 | 22,248,520 | |||||||||||
Small Company Fund | 20,861,399 | 8,995,077 | 6,889,210 | 1,109,928 | 74,421 | 24,963,171 | ||||||||||||
Diversified Bond Fund | 85,268,331 | 20,315,057 | 10,877,652 | (514,749 | ) | 3,099,220 | 96,025,988 | |||||||||||
High-Yield Fund | 48,265,254 | 16,272,622 | 5,304,184 | (99,654 | ) | 3,139,771 | 58,650,614 | |||||||||||
Inflation-Adjusted Bond Fund | 32,213,564 | 9,131,612 | — | — | 1,707,999 | 40,890,681 | ||||||||||||
Emerging Markets Fund | 54,260,572 | 10,185,919 | 2,867,345 | 9,017 | 234,594 | 68,801,045 | ||||||||||||
International Growth Fund | 106,073,537 | 14,735,843 | 3,552,294 | 197,128 | 4,077,631 | 124,214,250 | ||||||||||||
Prime Money Market Fund | 8,465,109 | 1,293,708 | 4,981,832 | — | 825 | 4,776,985 | ||||||||||||
$ | 852,907,241 | $ | 156,610,297 | $ | 44,993,334 | $ | 1,930,549 | $ | 41,688,494 | $ | 1,028,175,281 |
(1) | Underlying fund investments represent Investor Class. |
(2) | Distributions received includes distributions from net investment income and from capital gains, if any. |
(3) | The fund owned Investor Class shares of VistaSM Fund at the beginning of the period. Pursuant to an agreement and plan of reorganization, the net assets of Vista Fund were transferred to Heritage Fund in exchange for shares of Heritage Fund as of the close of business on December 6, 2013. The fund owned Investor Class shares of Heritage Fund after the reorganization and the transactions presented for the period include activity from both underlying funds. |
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 | $ | 11,213,702 | $ | 1,098,165 | $ | 631,705 | $ | 84,179 | $ | 879,564 | $ | 12,810,914 | ||||||
Equity Growth Fund | 30,570,197 | 2,999,867 | 1,964,000 | 139,209 | 1,845,549 | 34,841,972 | ||||||||||||
Growth Fund | 44,023,984 | 5,820,884 | 1,484,374 | 8,024 | 2,882,811 | 52,891,878 | ||||||||||||
Heritage Fund(3) | 38,887,708 | 6,740,946 | 1,544,209 | 116,023 | 2,679,303 | 45,931,900 | ||||||||||||
Large Company Value Fund | 22,313,208 | 1,891,330 | 1,499,811 | 137,173 | 392,329 | 25,502,726 | ||||||||||||
Mid Cap Value Fund | 14,038,094 | 1,813,469 | 889,392 | 50,896 | 1,072,309 | 16,216,543 | ||||||||||||
Real Estate Fund | 4,527,816 | 1,036,581 | 661,961 | 35,978 | 99,148 | 5,475,859 | ||||||||||||
Small Company Fund | 5,928,148 | 2,568,080 | 2,260,424 | 448,103 | 21,607 | 6,732,986 | ||||||||||||
Emerging Markets Fund | 17,458,136 | 2,723,004 | 2,224,825 | 60,407 | 72,353 | 20,182,212 | ||||||||||||
International Growth Fund | 36,311,037 | 3,743,284 | 1,550,854 | 53,022 | 1,385,904 | 40,898,971 | ||||||||||||
Diversified Bond Fund | 7,034,367 | 697,351 | 2,568,795 | (74,890 | ) | 170,049 | 5,260,574 | |||||||||||
Prime Money Market Fund | 2,322,936 | 286,328 | 1,819,132 | — | 212 | 790,132 | ||||||||||||
$ | 234,629,333 | $ | 31,419,289 | $ | 19,099,482 | $ | 1,058,124 | $ | 11,501,138 | $ | 267,536,667 |
(1) | Underlying fund investments represent Investor Class. |
(2) | Distributions received includes distributions from net investment income and from capital gains, if any. |
(3) | The fund owned Investor Class shares of VistaSM Fund at the beginning of the period. Pursuant to an agreement and plan of reorganization, the net assets of Vista Fund were transferred to Heritage Fund in exchange for shares of Heritage Fund as of the close of business on December 6, 2013. The fund owned Investor Class shares of Heritage Fund after the reorganization and the transactions presented for the period include activity from both underlying funds. |
• | 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). |
2014 | 2013 | |||||||||||
Distributions Paid From: | Distributions Paid From: | |||||||||||
Ordinary income | Long-term capital gains | Ordinary income | Long-term capital gains | |||||||||
One Choice Portfolio: Very Conservative | $ | 6,426,657 | $ | 2,436,140 | $ | 5,911,434 | $ | 1,977,174 | ||||
One Choice Portfolio: Conservative | $ | 15,269,425 | — | $ | 12,019,382 | — | ||||||
One Choice Portfolio: Moderate | $ | 24,018,441 | — | $ | 17,736,660 | — | ||||||
One Choice Portfolio: Aggressive | $ | 14,880,948 | — | $ | 11,004,640 | — | ||||||
One Choice Portfolio: Very Aggressive | $ | 2,298,997 | — | $ | 2,001,337 | — |
One Choice Portfolio: Very Conservative | One Choice Portfolio: Conservative | One Choice Portfolio: Moderate | |||||||
Federal tax cost of investments | $ | 322,985,149 | $ | 801,539,332 | $ | 1,186,622,843 | |||
Gross tax appreciation of investments | $ | 33,322,372 | $ | 126,412,559 | $ | 255,966,733 | |||
Gross tax depreciation of investments | (1,142,421 | ) | — | — | |||||
Net tax appreciation (depreciation) of investments | $ | 32,179,951 | $ | 126,412,559 | $ | 255,966,733 | |||
Undistributed ordinary income | $ | 357,718 | $ | 692,736 | $ | 920,550 | |||
Accumulated long-term gains | $ | 4,666,571 | $ | 8,340,000 | $ | 1,771,692 |
One Choice Portfolio: Aggressive | One Choice Portfolio: Very Aggressive | |||||
Federal tax cost of investments | $ | 810,049,590 | $ | 192,545,334 | ||
Gross tax appreciation of investments | $ | 218,125,691 | $ | 74,991,333 | ||
Gross tax depreciation of investments | — | — | ||||
Net tax appreciation (depreciation) of investments | $ | 218,125,691 | $ | 74,991,333 | ||
Undistributed ordinary income | $ | 7,550,146 | $ | 2,908,624 | ||
Accumulated long-term gains | $ | 13,604,875 | — | |||
Accumulated short-term capital losses | — | $ | (3,048,262 | ) |
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) |
Financial Highlights |
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 | |||||||||||||||
2014 | $11.56 | 0.20 | 0.48 | 0.68 | (0.20) | (0.10) | (0.30) | $11.94 | 5.99% | 0.00%(4) | 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%(4) | 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%(4) | 2.14% | 13% | $295,065 | ||
2011 | $10.41 | 0.23 | 0.61 | 0.84 | (0.23) | — | (0.23) | $11.02 | 8.16% | 0.00%(4) | 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 | |||||||||||||||
2014 | $12.66 | 0.24 | 0.82 | 1.06 | (0.24) | — | (0.24) | $13.48 | 8.43% | 0.00%(4) | 1.85% | 2% | $927,955 | ||
2013 | $11.79 | 0.23 | 0.87 | 1.10 | (0.23) | — | (0.23) | $12.66 | 9.42% | 0.00%(4) | 1.86% | 3% | $746,126 | ||
2012 | $11.41 | 0.25 | 0.39 | 0.64 | (0.26) | — | (0.26) | $11.79 | 5.71% | 0.00%(4) | 2.24% | 12% | $573,351 | ||
2011 | $10.42 | 0.24 | 0.99 | 1.23 | (0.24) | — | (0.24) | $11.41 | 11.90% | 0.00%(4) | 2.16% | 10% | $466,326 | ||
2010 | $9.69 | 0.23 | 0.73 | 0.96 | (0.23) | — | (0.23) | $10.42 | 9.99% | 0.00%(4) | 2.29% | 7% | $326,548 | ||
One Choice Portfolio: Moderate — Investor Class | |||||||||||||||
2014 | $13.79 | 0.27 | 1.17 | 1.44 | (0.27) | — | (0.27) | $14.96 | 10.51% | 0.00%(4) | 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%(4) | 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%(4) | 1.95% | 16% | $869,723 | ||
2011 | $10.60 | 0.21 | 1.41 | 1.62 | (0.21) | — | (0.21) | $12.01 | 15.35% | 0.00%(4) | 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 |
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: Aggressive — Investor Class | |||||||||||||
2014 | $14.75 | 0.28 | 1.52 | 1.80 | (0.25) | $16.30 | 12.26% | 0.00%(4) | 1.77% | 5% | $1,028,185 | ||
2013 | $12.68 | 0.23 | 2.05 | 2.28 | (0.21) | $14.75 | 18.15% | 0.00%(4) | 1.67% | 5% | $852,907 | ||
2012 | $12.58 | 0.20 | 0.10 | 0.30 | (0.20) | $12.68 | 2.50% | 0.00%(4) | 1.65% | 14% | $566,200 | ||
2011 | $10.75 | 0.18 | 1.82 | 2.00 | (0.17) | $12.58 | 18.67% | 0.00%(4) | 1.48% | 11% | $523,231 | ||
2010 | $9.62 | 0.17 | 1.11 | 1.28 | (0.15) | $10.75 | 13.33% | 0.01% | 1.58% | 8% | $421,049 | ||
One Choice Portfolio: Very Aggressive — Investor Class | |||||||||||||
2014 | $15.30 | 0.24 | 1.89 | 2.13 | (0.15) | $17.28 | 13.94% | 0.00%(4) | 1.45% | 8% | $267,537 | ||
2013 | $12.62 | 0.18 | 2.63 | 2.81 | (0.13) | $15.30 | 22.42% | 0.00%(4) | 1.29% | 16% | $234,629 | ||
2012 | $12.62 | 0.12 | —(5) | 0.12 | (0.12) | $12.62 | 1.05% | 0.00%(4) | 1.02% | 13% | $193,193 | ||
2011 | $10.52 | 0.11 | 2.09 | 2.20 | (0.10) | $12.62 | 20.97% | 0.00%(4) | 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) | Ratio was less than 0.005%. |
(5) | Per-share amount was less than $0.005. |
Report of Independent Registered Public Accounting Firm |
Management |
Name (Year of Birth) | Position(s) Held with Funds | Length of Time Served | Principal Occupation(s) During Past 5 Years | Number of American Century Portfolios Overseen by Director | Other Directorships Held During Past 5 Years |
Independent Directors | |||||
Thomas A. Brown (1940) | Director | Since 1980 | Managing Member, Associated Investments, LLC (real estate investment company); Brown Cascade Properties, LLC (real estate investment company) (2001 to 2009) | 73 | None |
Andrea C. Hall (1945) | Director | Since 1997 | Retired | 73 | None |
Jan M. Lewis (1957) | Director | Since 2011 | Retired; President and Chief Executive Officer, Catholic Charities of Northeast Kansas (human services organization) (2006 to 2013) | 73 | None |
James A. Olson (1942) | Director and Chairman of the Board | Since 2007 (Chairman since 2014) | Member, Plaza Belmont LLC (private equity fund manager) | 73 | Saia, Inc. (2002 to 2012) and EPR Properties (2003 to 2013) |
M. Jeannine Strandjord (1945) | Director | Since 1994 | Retired | 73 | Euronet Worldwide Inc.; Charming Shoppes, Inc. (2006 to 2010); and DST Systems Inc. (1996 to 2012) |
Name (Year of Birth) | Position(s) Held with Funds | Length of Time Served | Principal Occupation(s) During Past 5 Years | Number of American Century Portfolios Overseen by Director | Other Directorships Held During Past 5 Years |
Independent Directors | |||||
John R. Whitten (1946) | Director | Since 2008 | Retired | 73 | Rudolph Technologies, Inc. |
Stephen E. Yates (1948) | Director | Since 2012 | Retired; Executive Vice President, Technology & Operations, KeyCorp. (computer services) (2004 to 2010) | 73 | Applied Industrial Technologies, Inc. (2001 to 2010) |
Interested Directors | |||||
Barry Fink (1955) | Director | Since 2012 | Retired; Executive Vice President, ACC (September 2007 to February 2013); President, ACS (October 2007 to February 2013); Chief Operating Officer, ACC (September 2007 to November 2012) | 73 | None |
Jonathan S. Thomas (1963) | Director and President | Since 2007 | President and Chief Executive Officer, ACC (March 2007 to present). Also serves as Chief Executive Officer, ACS; Executive Vice President, ACIM; Director, ACC, ACIM and other ACC subsidiaries | 118 | BioMed Valley Discoveries, Inc. |
Name (Year of Birth) | Offices with the Funds | Principal Occupation(s) During the Past Five Years |
Jonathan S. Thomas (1963) | Director and President since 2007 | President and Chief Executive Officer, ACC (March 2007 to present). Also serves as Chief Executive Officer, ACS; Executive Vice President, ACIM; Director, ACC, ACIM and other ACC subsidiaries |
Amy D. Shelton (1964) | Chief Compliance Officer since 2014 | Chief Compliance Officer, American Century funds, (March 2014 to present); Chief Compliance Officer, ACIM (February 2014 to present); Chief Compliance Officer, ACIS (October 2009 to present); Vice President, Client Interactions and Marketing, ACIS (February 2013 to January 2014); Director, Client Interactions and Marketing, ACIS (June 2007 to January 2013). Also serves as Vice President, ACIS |
Charles A. Etherington (1957) | General Counsel since 2007 and Senior Vice President since 2006 | Attorney, ACC (February 1994 to present); Vice President, ACC (November 2005 to present); General Counsel, ACC (March 2007 to present). Also serves as General Counsel, ACIM, ACS, ACIS and other ACC subsidiaries; and Senior Vice President, ACIM and ACS |
C. Jean Wade (1964) | Vice President, Treasurer and Chief Financial Officer since 2012 | Vice President, ACS (February 2000 to present) |
Robert J. Leach (1966) | Vice President since 2006 and Assistant Treasurer since 2012 | Vice President, ACS (February 2000 to present) |
David H. Reinmiller (1963) | Vice President since 2000 | Attorney, ACC (January 1994 to present); Associate General Counsel, ACC (January 2001 to present). Also serves as Vice President, ACIM and ACS |
Ward D. Stauffer (1960) | Secretary since 2005 | Attorney, ACC (June 2003 to present) |
Approval of Management Agreement |
• | the nature, extent, and quality of investment management, shareholder services, and other services provided by the Advisor to each Fund; |
• | the wide range of other programs and services the Advisor provides to each Fund and its shareholders on a routine and non-routine basis; |
• | each Fund’s investment performance compared to appropriate benchmarks and/or a peer group of other mutual funds with similar investment objectives and strategies; |
• | the cost of owning each Fund compared to the cost of owning similar funds; |
• | the Advisor’s compliance policies, procedures, and regulatory experience; |
• | financial data showing the cost of services provided to the Funds, the profitability of each Fund to the Advisor, and the overall profitability of the Advisor; |
• | possible economies of scale associated with the Advisor’s management of the Funds and other accounts under its management; |
• | the services provided and charges to other investment management clients of the Advisor |
• | acquired fund fees and expenses; and |
• | any collateral benefits derived by the Advisor from the management of the Funds. |
• | constructing and designing each Fund |
• | portfolio research and security selection |
• | initial capitalization/funding |
• | securities trading |
• | Fund administration |
• | custody of Fund assets |
• | daily valuation of each Fund’s portfolio |
• | shareholder servicing and transfer agency, including shareholder confirmations, recordkeeping, and communications |
• | legal services (except the independent Directors’ counsel) |
• | regulatory and portfolio compliance |
• | financial reporting |
• | marketing and distribution (except Rule 12b-1 plans) |
Additional Information |
One Choice Portfolio: Very Conservative | One Choice Portfolio: Conservative | One Choice Portfolio: Moderate | One Choice Portfolio: Aggressive | One Choice Portfolio: Very Aggressive |
$1,328,281 | $4,437,443 | $8,344,412 | $9,979,460 | $2,357,027 |
One Choice Portfolio: Very Conservative | One Choice Portfolio: Conservative | One Choice Portfolio: Moderate | One Choice Portfolio: Aggressive | One Choice Portfolio: Very Aggressive |
$466,679 | — | — | — | — |
One Choice Portfolio: Very Conservative | One Choice Portfolio: Conservative | One Choice Portfolio: Moderate | One Choice Portfolio: Aggressive | One Choice Portfolio: Very Aggressive |
$2,718,312 | — | — | — | — |
Foreign Tax Credit | Foreign Source Income | |||||||
Amount | Per Outstanding Share | Amount | Per Outstanding Share | |||||
One Choice Portfolio: Very Conservative | — | — | — | — | ||||
One Choice Portfolio: Conservative | $ | 71,391 | 0.0010 | $ | 515,947 | 0.0075 | ||
One Choice Portfolio: Moderate | $ | 184,136 | 0.0019 | $ | 1,330,761 | 0.0138 | ||
One Choice Portfolio: Aggressive | $ | 170,095 | 0.0027 | $ | 1,229,284 | 0.0195 | ||
One Choice Portfolio: Very Aggressive | $ | 58,030 | 0.0037 | $ | 419,387 | 0.0271 |
One Choice Portfolio: Very Conservative | One Choice Portfolio: Conservative | One Choice Portfolio: Moderate | One Choice Portfolio: Aggressive | One Choice Portfolio: Very Aggressive |
$614,844 | — | — | — | — |
Notes |
Notes |
Notes |
![]() | ||
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 | |
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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. | ||
©2014 American Century Proprietary Holdings, Inc. All rights reserved. CL-ANN-83139 1409 |
ANNUAL REPORT | JULY 31, 2014 |
Table of Contents |
President’s Letter | |
Performance | |
Portfolio Commentary | |
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 | |
Report of Independent Registered Public Accounting Firm | |
Management | |
Approval of Management Agreements | |
Additional Information |
President’s Letter |
![]() | Dear Investor: Thank you for reviewing this annual report for the 12 months ended July 31, 2014. It provides investment performance and portfolio information for the reporting period, plus longer-term historical performance data. Annual reports remain important vehicles for conveying information about fund returns, including market and economic factors that affected performance during the reporting period. For additional, updated investment and market insights, we encourage you to visit our website, americancentury.com. |
Jonathan Thomas |
Performance |
Total Returns as of July 31, 2014 | |||||
Average Annual Returns | |||||
Ticker Symbol | 1 year | 5 years | Since Inception | Inception Date | |
One Choice In Retirement Portfolio | |||||
Investor Class | ARTOX | 8.19% | 9.20% | 6.05% | 8/31/04 |
S&P Target Date Retirement Income Index(1) | — | 6.27% | 7.28% | 5.03% | — |
Russell 3000 Index | — | 16.37% | 17.07% | 8.46% | — |
Barclays U.S. Aggregate Bond Index | — | 3.97% | 4.46% | 4.64% | — |
Institutional Class | ATTIX | 8.40% | 9.43% | 6.27% | 8/31/04 |
A Class(2) | ARTAX | 8/31/04 | |||
No sales charge* | 7.92% | 8.93% | 5.79% | ||
With sales charge* | 1.69% | 7.65% | 5.16% | ||
C Class | ATTCX | 7.13% | — | 7.50% | 3/1/10 |
R Class | ARSRX | 7.57% | 8.65% | 5.51% | 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) | Effective November 2014, the index will change from the Russell 3000 Index and the Barclays U.S. Aggregate Bond Index to the S&P Target Date Retirement Income Index, which the fund’s investment advisor believes is more reflective of the fund’s strategy. The fund’s investment process will not change. |
(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 has been adjusted to reflect this charge. |
Total Returns as of July 31, 2014 | |||||
Average Annual Returns | |||||
Ticker Symbol | 1 year | 5 years | Since Inception | Inception Date | |
One Choice 2015 Portfolio | |||||
Investor Class | ARFIX | 8.27% | 9.61% | 6.55% | 8/31/04 |
S&P Target Date To 2015 Index(1) | — | 7.68% | 8.49% | N/A(2) | — |
S&P Target Date 2015 Index | — | 8.77% | 9.69% | 6.14% | — |
Russell 3000 Index | — | 16.37% | 17.07% | 8.46% | — |
Barclays U.S. Aggregate Bond Index | — | 3.97% | 4.46% | 4.64% | — |
Institutional Class | ARNIX | 8.56% | 9.83% | 6.77% | 8/31/04 |
A Class(3) | ARFAX | 8/31/04 | |||
No sales charge* | 8.01% | 9.33% | 6.28% | ||
With sales charge* | 1.83% | 8.04% | 5.65% | ||
C Class | AFNCX | 7.21% | — | 7.77% | 3/1/10 |
R Class | ARFRX | 7.83% | 9.08% | 6.03% | 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) | Effective November 2014, the index will change from the Russell 3000 Index and the Barclays U.S. Aggregate Bond Index to the S&P Target Date To 2015 Index, which the fund’s investment advisor believes is more reflective of the fund’s strategy. The fund’s investment process will not change. |
(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 has been adjusted to reflect this charge. |
Total Returns as of July 31, 2014 | |||||
Average Annual Returns | |||||
Ticker Symbol | 1 year | 5 years | Since Inception | Inception Date | |
One Choice 2020 Portfolio | |||||
Investor Class | ARBVX | 8.99% | 10.21% | 5.59% | 5/30/08 |
S&P Target Date To 2020 Index(1) | — | 8.61% | 9.46% | 4.82% | — |
Russell 3000 Index | — | 16.37% | 17.07% | 7.89% | — |
Barclays U.S. Aggregate Bond Index | — | 3.97% | 4.46% | 4.85% | — |
Institutional Class | ARBSX | 9.20% | 10.43% | 5.79% | 5/30/08 |
A Class(2) | ARBMX | 5/30/08 | |||
No sales charge* | 8.64% | 9.94% | 5.31% | ||
With sales charge* | 2.42% | 8.63% | 4.30% | ||
C Class | ARNCX | 7.91% | — | 8.29% | 3/1/10 |
R Class | ARBRX | 8.37% | 9.67% | 5.06% | 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) | Effective November 2014, the index will change from the Russell 3000 Index and the Barclays U.S. Aggregate Bond Index to the S&P Target Date To 2020 Index, which the fund’s investment advisor believes is more reflective of the fund’s strategy. The fund’s investment process will not change. |
(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 has been adjusted to reflect this charge. |
Total Returns as of July 31, 2014 | |||||
Average Annual Returns | |||||
Ticker Symbol | 1 year | 5 years | Since Inception | Inception Date | |
One Choice 2025 Portfolio | |||||
Investor Class | ARWIX | 9.61% | 10.79% | 7.10% | 8/31/04 |
S&P Target Date To 2025 Index(1) | — | 9.47% | 10.34% | N/A(2) | — |
S&P Target Date 2025 Index | — | 10.65% | 11.48% | 6.83% | — |
Russell 3000 Index | — | 16.37% | 17.07% | 8.46% | — |
Barclays U.S. Aggregate Bond Index | — | 3.97% | 4.46% | 4.64% | — |
Institutional Class | ARWFX | 9.83% | 11.01% | 7.31% | 8/31/04 |
A Class(3) | ARWAX | 8/31/04 | |||
No sales charge* | 9.35% | 10.53% | 6.83% | ||
With sales charge* | 3.02% | 9.24% | 6.20% | ||
C Class | ARWCX | 8.46% | — | 8.80% | 3/1/10 |
R Class | ARWRX | 9.01% | 10.23% | 6.56% | 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) | Effective November 2014, the index will change from the Russell 3000 Index and the Barclays U.S. Aggregate Bond Index to the S&P Target Date To 2025 Index, which the fund’s investment advisor believes is more reflective of the fund’s strategy. The fund’s investment process will not change. |
(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 has been adjusted to reflect this charge. |
Total Returns as of July 31, 2014 | |||||
Average Annual Returns | |||||
Ticker Symbol | 1 year | 5 years | Since Inception | Inception Date | |
One Choice 2030 Portfolio | |||||
Investor Class | ARCVX | 10.15% | 11.44% | 5.60% | 5/30/08 |
S&P Target Date To 2030 Index(1) | — | 10.28% | 11.17% | 4.91% | — |
Russell 3000 Index | — | 16.37% | 17.07% | 7.89% | — |
Barclays U.S. Aggregate Bond Index | — | 3.97% | 4.46% | 4.85% | — |
Institutional Class | ARCSX | 10.37% | 11.64% | 5.79% | 5/30/08 |
A Class(2) | ARCMX | 5/30/08 | |||
No sales charge* | 9.89% | 11.14% | 5.32% | ||
With sales charge* | 3.55% | 9.83% | 4.31% | ||
C Class | ARWOX | 9.07% | — | 9.30% | 3/1/10 |
R Class | ARCRX | 9.53% | 10.85% | 5.05% | 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) | Effective November 2014, the index will change from the Russell 3000 Index and the Barclays U.S. Aggregate Bond Index to the S&P Target Date To 2030 Index, which the fund’s investment advisor believes is more reflective of the fund’s strategy. The fund’s investment process will not change. |
(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 has been adjusted to reflect this charge. |
Total Returns as of July 31, 2014 | |||||
Average Annual Returns | |||||
Ticker Symbol | 1 year | 5 years | Since Inception | Inception Date | |
One Choice 2035 Portfolio | |||||
Investor Class | ARYIX | 10.91% | 12.19% | 7.60% | 8/31/04 |
S&P Target Date To 2035 Index(1) | — | 11.08% | 11.89% | N/A(2) | — |
S&P Target Date 2035 Index | — | 12.15% | 12.66% | 7.13% | — |
Russell 3000 Index | — | 16.37% | 17.07% | 8.46% | — |
Barclays U.S. Aggregate Bond Index | — | 3.97% | 4.46% | 4.64% | — |
Institutional Class | ARLIX | 11.04% | 12.39% | 7.81% | 8/31/04 |
A Class(3) | ARYAX | 8/31/04 | |||
No sales charge* | 10.57% | 11.90% | 7.33% | ||
With sales charge* | 4.18% | 10.59% | 6.69% | ||
C Class | ARLCX | 9.76% | — | 9.97% | 3/1/10 |
R Class | ARYRX | 10.30% | 11.61% | 7.06% | 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) | Effective November 2014, the index will change from the Russell 3000 Index and the Barclays U.S. Aggregate Bond Index to the S&P Target Date To 2035 Index, which the fund’s investment advisor believes is more reflective of the fund’s strategy. The fund’s investment process will not change. |
(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 has been adjusted to reflect this charge. |
Total Returns as of July 31, 2014 | |||||
Average Annual Returns | |||||
Ticker Symbol | 1 year | 5 years | Since Inception | Inception Date | |
One Choice 2040 Portfolio | |||||
Investor Class | ARDVX | 11.63% | 12.85% | 6.05% | 5/30/08 |
S&P Target Date To 2040 Index(1) | — | 11.75% | 12.51% | 5.06% | — |
Russell 3000 Index | — | 16.37% | 17.07% | 7.89% | — |
Barclays U.S. Aggregate Bond Index | — | 3.97% | 4.46% | 4.85% | — |
Institutional Class | ARDSX | 11.84% | 13.10% | 6.25% | 5/30/08 |
A Class(2) | ARDMX | 5/30/08 | |||
No sales charge* | 11.36% | 12.59% | 5.78% | ||
With sales charge* | 4.98% | 11.27% | 4.77% | ||
C Class | ARNOX | 10.46% | — | 10.58% | 3/1/10 |
R Class | ARDRX | 11.10% | 12.31% | 5.52% | 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) | Effective November 2014, the index will change from the Russell 3000 Index and the Barclays U.S. Aggregate Bond Index to the S&P Target Date To 2040 Index, which the fund’s investment advisor believes is more reflective of the fund’s strategy. The fund’s investment process will not change. |
(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 has been adjusted to reflect this charge. |
Total Returns as of July 31, 2014 | |||||
Average Annual Returns | |||||
Ticker Symbol | 1 year | 5 years | Since Inception | Inception Date | |
One Choice 2045 Portfolio | |||||
Investor Class | AROIX | 12.34% | 13.30% | 7.97% | 8/31/04 |
S&P Target Date To 2045 Index(1) | — | 12.36% | 13.06% | N/A(2) | — |
S&P Target Date 2040 Index(3) | — | 12.65% | 13.03% | 7.27% | — |
Russell 3000 Index | — | 16.37% | 17.07% | 8.46% | — |
Barclays U.S. Aggregate Bond Index | — | 3.97% | 4.46% | 4.64% | — |
Institutional Class | AOOIX | 12.55% | 13.53% | 8.19% | 8/31/04 |
A Class(4) | AROAX | 8/31/04 | |||
No sales charge* | 12.08% | 13.02% | 7.70% | ||
With sales charge* | 5.62% | 11.70% | 7.06% | ||
C Class | AROCX | 11.18% | — | 11.01% | 3/1/10 |
R Class | ARORX | 11.73% | 12.73% | 7.43% | 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) | Effective November 2014, the index will change from the Russell 3000 Index and the Barclays U.S. Aggregate Bond Index to the S&P Target Date To 2045 Index, which the fund’s investment advisor believes is more reflective of the fund’s strategy. The fund’s investment process will not change. |
(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 has been adjusted to reflect this charge. |
Total Returns as of July 31, 2014 | |||||
Average Annual Returns | |||||
Ticker Symbol | 1 year | 5 years | Since Inception | Inception Date | |
One Choice 2050 Portfolio | |||||
Investor Class | ARFVX | 12.59% | 13.54% | 5.89% | 5/30/08 |
S&P Target Date To 2050 Index(1) | — | 12.91% | 13.35% | 5.40% | — |
Russell 3000 Index | — | 16.37% | 17.07% | 7.89% | — |
Barclays U.S. Aggregate Bond Index | — | 3.97% | 4.46% | 4.85% | — |
Institutional Class | ARFSX | 12.79% | 13.77% | 6.10% | 5/30/08 |
A Class(2) | ARFMX | 5/30/08 | |||
No sales charge* | 12.32% | 13.25% | 5.62% | ||
With sales charge* | 5.83% | 11.93% | 4.61% | ||
C Class | ARFDX | 11.40% | — | 11.20% | 3/1/10 |
R Class | ARFWX | 11.96% | 12.96% | 5.35% | 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) | Effective November 2014, the index will change from the Russell 3000 Index and the Barclays U.S. Aggregate Bond Index to the S&P Target Date To 2050 Index, which the fund’s investment advisor believes is more reflective of the fund’s strategy. The fund’s investment process will not change. |
(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 has been adjusted to reflect this charge. |
Total Returns as of July 31, 2014 | ||||
Average Annual Returns | ||||
Ticker Symbol | 1 year | Since Inception | Inception Date | |
One Choice 2055 Portfolio | ||||
Investor Class | AREVX | 12.87% | 10.44% | 3/31/11 |
S&P Target Date To 2055+ Index(1) | — | 13.48% | 9.90% | — |
Russell 3000 Index | — | 16.37% | 13.99% | — |
Barclays U.S. Aggregate Bond Index | — | 3.97% | 3.91% | — |
Institutional Class | ARENX | 13.09% | 10.65% | 3/31/11 |
A Class | AREMX | 3/31/11 | ||
No sales charge* | 12.52% | 10.13% | ||
With sales charge* | 6.07% | 8.20% | ||
C Class | AREFX | 11.72% | 9.33% | 3/31/11 |
R Class | AREOX | 12.25% | 9.88% | 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) | Effective November 2014, the index will change from the Russell 3000 Index and the Barclays U.S. Aggregate Bond Index to the S&P Target Date To 2055+ Index, which the fund’s investment advisor believes is more reflective of the fund’s strategy. The fund’s investment process will not change. |
Growth of $10,000 Over Life of One Choice In Retirement Portfolio — Investor Class |
$10,000 investment made August 31, 2004 |
Value on July 31, 2014 | |
Investor Class — $17,906 | |
S&P Target Date Retirement Income Index — $16,264 | |
Russell 3000 Index — $22,374 | |
Barclays U.S. Aggregate Bond Index — $15,689 | |
Growth of $10,000 Over Life of One Choice 2015 Portfolio — Investor Class* |
$10,000 investment made August 31, 2004 |
Value on July 31, 2014 | |
Investor Class — $18,760 | |
S&P Target Date 2015 Index — $18,055 | |
Russell 3000 Index — $22,374 | |
Barclays U.S. Aggregate Bond Index — $15,689 | |
Growth of $10,000 Over Life of One Choice 2020 Portfolio — Investor Class |
$10,000 investment made May 30, 2008 |
Value on July 31, 2014 | |
Investor Class — $13,988 | |
S&P Target Date To 2020 Index — $13,371 | |
Russell 3000 Index — $15,981 | |
Barclays U.S. Aggregate Bond Index — $13,396 | |
Growth of $10,000 Over Life of One Choice 2025 Portfolio — Investor Class* |
$10,000 investment made August 31, 2004 |
Value on July 31, 2014 | |
Investor Class — $19,747 | |
S&P Target Date 2025 Index — $19,244 | |
Russell 3000 Index — $22,374 | |
Barclays U.S. Aggregate Bond Index — $15,689 | |
Growth of $10,000 Over Life of One Choice 2030 Portfolio — Investor Class |
$10,000 investment made May 30, 2008 |
Value on July 31, 2014 | |
Investor Class — $13,997 | |
S&P Target Date To 2030 Index — $13,442 | |
Russell 3000 Index — $15,981 | |
Barclays U.S. Aggregate Bond Index — $13,396 | |
Growth of $10,000 Over Life of One Choice 2035 Portfolio — Investor Class* |
$10,000 investment made August 31, 2004 |
Value on July 31, 2014 | |
Investor Class — $20,675 | |
S&P Target Date 2035 Index — $19,798 | |
Russell 3000 Index — $22,374 | |
Barclays U.S. Aggregate Bond Index — $15,689 | |
Growth of $10,000 Over Life of One Choice 2040 Portfolio — Investor Class |
$10,000 investment made May 30, 2008 |
Value on July 31, 2014 | |
Investor Class — $14,369 | |
S&P Target Date To 2040 Index — $13,559 | |
Russell 3000 Index — $15,981 | |
Barclays U.S. Aggregate Bond Index — $13,396 | |
Growth of $10,000 Over Life of One Choice 2045 Portfolio — Investor Class* |
$10,000 investment made August 31, 2004 |
Value on July 31, 2014 | |
Investor Class — $21,405 | |
S&P Target Date 2040 Index** — $20,047 | |
Russell 3000 Index — $22,374 | |
Barclays U.S. Aggregate Bond Index — $15,689 | |
Growth of $10,000 Over Life of One Choice 2050 Portfolio — Investor Class |
$10,000 investment made May 30, 2008 |
Value on July 31, 2014 | |
Investor Class — $14,233 | |
S&P Target Date To 2050 Index — $13,831 | |
Russell 3000 Index — $15,981 | |
Barclays U.S. Aggregate Bond Index — $13,396 | |
Growth of $10,000 Over Life of One Choice 2055 Portfolio — Investor Class |
$10,000 investment made March 31, 2011 |
Value on July 31, 2014 | |
Investor Class — $13,928 | |
S&P Target Date To 2055+ Index — $13,700 | |
Russell 3000 Index — $15,478 | |
Barclays U.S. Aggregate Bond Index — $11,367 | |
Total Annual Fund Operating Expenses | |||||
Investor Class | Institutional Class | A Class | C Class | R Class | |
One Choice In Retirement Portfolio | 0.77% | 0.57% | 1.02% | 1.77% | 1.27% |
One Choice 2015 Portfolio | 0.79% | 0.59% | 1.04% | 1.79% | 1.29% |
One Choice 2020 Portfolio | 0.82% | 0.62% | 1.07% | 1.82% | 1.32% |
One Choice 2025 Portfolio | 0.85% | 0.65% | 1.10% | 1.85% | 1.35% |
One Choice 2030 Portfolio | 0.87% | 0.67% | 1.12% | 1.87% | 1.37% |
One Choice 2035 Portfolio | 0.90% | 0.70% | 1.15% | 1.90% | 1.40% |
One Choice 2040 Portfolio | 0.93% | 0.73% | 1.18% | 1.93% | 1.43% |
One Choice 2045 Portfolio | 0.97% | 0.77% | 1.22% | 1.97% | 1.47% |
One Choice 2050 Portfolio | 0.98% | 0.78% | 1.23% | 1.98% | 1.48% |
One Choice 2055 Portfolio | 0.99% | 0.79% | 1.24% | 1.99% | 1.49% |
Portfolio Commentary |
* | All fund returns referenced in this commentary are for Investor Class shares. Performance for other share classes will vary due to differences in fee structure; when Investor Class performance exceeds that of the fund's benchmark, other share classes may not. See pages 3-12 for returns for all share classes. |
Portfolio Characteristics |
Underlying Fund Allocations(1) as a % of net assets as of July 31, 2014 | |||||
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 | 3.0% | 3.0% | 3.0% | 3.0% | 3.2% |
NT Equity Growth Fund | 9.8% | 9.9% | 9.5% | 9.2% | 9.2% |
NT Growth Fund | 6.4% | 6.5% | 7.8% | 8.9% | 10.6% |
NT Heritage Fund | 2.5% | 2.6% | 3.6% | 4.5% | 5.0% |
NT Large Company Value Fund | 10.8% | 10.9% | 11.1% | 11.3% | 11.8% |
NT Mid Cap Value Fund | 4.0% | 4.1% | 4.9% | 5.5% | 5.2% |
NT Small Company Fund | 2.0% | 2.0% | 2.0% | 2.4% | 3.3% |
Real Estate Fund | 1.0% | 1.0% | 1.3% | 1.5% | 1.8% |
NT Emerging Markets Fund | — | 0.1% | 1.1% | 2.3% | 2.8% |
NT International Growth Fund | 5.0% | 5.0% | 5.9% | 6.8% | 8.3% |
Total Equity | 44.5% | 45.1% | 50.2% | 55.4% | 61.2% |
Fixed Income | |||||
High-Yield Fund | 3.8% | 3.8% | 3.6% | 3.5% | 3.1% |
Inflation-Adjusted Bond Fund | 1.5% | 1.7% | 3.0% | 4.1% | 5.0% |
NT Diversified Bond Fund | 26.9% | 26.7% | 25.7% | 24.5% | 22.1% |
Short Duration Inflation Protection Bond Fund | 6.2% | 5.9% | 4.3% | 2.8% | 1.3% |
International Bond Fund | 7.0% | 6.9% | 5.9% | 4.7% | 2.3% |
Total Fixed Income | 45.4% | 45.0% | 42.5% | 39.6% | 33.8% |
Premium Money Market Fund | 10.1% | 9.9% | 7.3% | 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 July 31, 2014 | |||||
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% | 3.5% | 4.4% | 4.5% | 4.5% |
NT Equity Growth Fund | 9.3% | 10.1% | 10.2% | 10.2% | 10.7% |
NT Growth Fund | 12.6% | 13.5% | 14.4% | 14.7% | 15.2% |
NT Heritage Fund | 5.4% | 6.3% | 7.2% | 7.2% | 7.5% |
NT Large Company Value Fund | 12.5% | 13.5% | 14.4% | 14.9% | 15.4% |
NT Mid Cap Value Fund | 5.4% | 6.4% | 7.3% | 7.3% | 7.5% |
NT Small Company Fund | 4.2% | 4.1% | 4.0% | 4.6% | 5.0% |
Real Estate Fund | 2.0% | 2.3% | 2.5% | 2.8% | 3.0% |
NT Emerging Markets Fund | 3.4% | 4.3% | 5.3% | 6.1% | 6.5% |
NT International Growth Fund | 9.4% | 9.8% | 10.2% | 10.0% | 9.5% |
Total Equity | 67.4% | 73.8% | 79.9% | 82.3% | 84.8% |
Fixed Income | |||||
High-Yield Fund | 2.7% | 2.3% | 2.0% | 1.7% | 1.5% |
Inflation-Adjusted Bond Fund | 5.5% | 4.8% | 4.0% | 3.5% | 3.0% |
NT Diversified Bond Fund | 19.6% | 16.8% | 14.1% | 12.5% | 10.7% |
Total Fixed Income | 27.8% | 23.9% | 20.1% | 17.7% | 15.2% |
Premium Money Market Fund | 4.8% | 2.3% | — | — | — |
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. |
Shareholder Fee Examples |
Beginning Account Value 2/1/14 | Ending Account Value 7/31/14 | Expenses Paid During Period(1) 2/1/14 – 7/31/14 | Annualized Expense Ratio(1) | Effective Expenses Paid During Period(2) 2/1/14 – 7/31/14 | Effective Annualized Expense Ratio(2) | |
One Choice In Retirement Portfolio | ||||||
Actual | ||||||
Investor Class | $1,000 | $1,046.90 | $1.02 | 0.20% | $3.81 | 0.75% |
Institutional Class | $1,000 | $1,047.80 | $0.00 | 0.00%(3) | $2.79 | 0.55% |
A Class | $1,000 | $1,045.70 | $2.28 | 0.45% | $5.07 | 1.00% |
C Class | $1,000 | $1,041.50 | $6.07 | 1.20% | $8.86 | 1.75% |
R Class | $1,000 | $1,043.70 | $3.55 | 0.70% | $6.33 | 1.25% |
Hypothetical | ||||||
Investor Class | $1,000 | $1,023.80 | $1.00 | 0.20% | $3.76 | 0.75% |
Institutional Class | $1,000 | $1,024.80 | $0.00 | 0.00%(3) | $2.76 | 0.55% |
A Class | $1,000 | $1,022.56 | $2.26 | 0.45% | $5.01 | 1.00% |
C Class | $1,000 | $1,018.84 | $6.01 | 1.20% | $8.75 | 1.75% |
R Class | $1,000 | $1,021.32 | $3.51 | 0.70% | $6.26 | 1.25% |
One Choice 2015 Portfolio | ||||||
Actual | ||||||
Investor Class | $1,000 | $1,047.00 | $1.02 | 0.20% | $3.86 | 0.76% |
Institutional Class | $1,000 | $1,048.50 | $0.00 | 0.00%(3) | $2.84 | 0.56% |
A Class | $1,000 | $1,046.30 | $2.28 | 0.45% | $5.12 | 1.01% |
C Class | $1,000 | $1,042.40 | $6.08 | 1.20% | $8.91 | 1.76% |
R Class | $1,000 | $1,045.50 | $3.55 | 0.70% | $6.39 | 1.26% |
Hypothetical | ||||||
Investor Class | $1,000 | $1,023.80 | $1.00 | 0.20% | $3.81 | 0.76% |
Institutional Class | $1,000 | $1,024.80 | $0.00 | 0.00%(3) | $2.81 | 0.56% |
A Class | $1,000 | $1,022.56 | $2.26 | 0.45% | $5.06 | 1.01% |
C Class | $1,000 | $1,018.84 | $6.01 | 1.20% | $8.80 | 1.76% |
R Class | $1,000 | $1,021.32 | $3.51 | 0.70% | $6.31 | 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 181, 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 2/1/14 | Ending Account Value 7/31/14 | Expenses Paid During Period(1)2/1/14 – 7/31/14 | Annualized Expense Ratio(1) | Effective Expenses Paid During Period(2)2/1/14 – 7/31/14 | Effective Annualized Expense Ratio(2) | |
One Choice 2020 Portfolio | ||||||
Actual | ||||||
Investor Class | $1,000 | $1,051.50 | $1.02 | 0.20% | $4.02 | 0.79% |
Institutional Class | $1,000 | $1,052.30 | $0.00 | 0.00%(3) | $3.00 | 0.59% |
A Class | $1,000 | $1,048.90 | $2.29 | 0.45% | $5.28 | 1.04% |
C Class | $1,000 | $1,046.20 | $6.09 | 1.20% | $9.08 | 1.79% |
R Class | $1,000 | $1,048.90 | $3.56 | 0.70% | $6.55 | 1.29% |
Hypothetical | ||||||
Investor Class | $1,000 | $1,023.80 | $1.00 | 0.20% | $3.96 | 0.79% |
Institutional Class | $1,000 | $1,024.80 | $0.00 | 0.00%(3) | $2.96 | 0.59% |
A Class | $1,000 | $1,022.56 | $2.26 | 0.45% | $5.21 | 1.04% |
C Class | $1,000 | $1,018.84 | $6.01 | 1.20% | $8.95 | 1.79% |
R Class | $1,000 | $1,021.32 | $3.51 | 0.70% | $6.46 | 1.29% |
One Choice 2025 Portfolio | ||||||
Actual | ||||||
Investor Class | $1,000 | $1,054.30 | $1.02 | 0.20% | $4.18 | 0.82% |
Institutional Class | $1,000 | $1,055.00 | $0.00 | 0.00%(3) | $3.16 | 0.62% |
A Class | $1,000 | $1,052.80 | $2.29 | 0.45% | $5.45 | 1.07% |
C Class | $1,000 | $1,049.10 | $6.10 | 1.20% | $9.25 | 1.82% |
R Class | $1,000 | $1,051.40 | $3.56 | 0.70% | $6.71 | 1.32% |
Hypothetical | ||||||
Investor Class | $1,000 | $1,023.80 | $1.00 | 0.20% | $4.11 | 0.82% |
Institutional Class | $1,000 | $1,024.80 | $0.00 | 0.00%(3) | $3.11 | 0.62% |
A Class | $1,000 | $1,022.56 | $2.26 | 0.45% | $5.36 | 1.07% |
C Class | $1,000 | $1,018.84 | $6.01 | 1.20% | $9.10 | 1.82% |
R Class | $1,000 | $1,021.32 | $3.51 | 0.70% | $6.61 | 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 181, 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 2/1/14 | Ending Account Value 7/31/14 | Expenses Paid During Period(1)2/1/14 – 7/31/14 | Annualized Expense Ratio(1) | Effective Expenses Paid During Period(2)2/1/14 – 7/31/14 | Effective Annualized Expense Ratio(2) | |
One Choice 2030 Portfolio | ||||||
Actual | ||||||
Investor Class | $1,000 | $1,056.90 | $1.02 | 0.20% | $4.28 | 0.84% |
Institutional Class | $1,000 | $1,057.80 | $0.00 | 0.00%(3) | $3.27 | 0.64% |
A Class | $1,000 | $1,056.20 | $2.29 | 0.45% | $5.56 | 1.09% |
C Class | $1,000 | $1,051.80 | $6.10 | 1.20% | $9.36 | 1.84% |
R Class | $1,000 | $1,053.60 | $3.56 | 0.70% | $6.82 | 1.34% |
Hypothetical | ||||||
Investor Class | $1,000 | $1,023.80 | $1.00 | 0.20% | $4.21 | 0.84% |
Institutional Class | $1,000 | $1,024.80 | $0.00 | 0.00%(3) | $3.21 | 0.64% |
A Class | $1,000 | $1,022.56 | $2.26 | 0.45% | $5.46 | 1.09% |
C Class | $1,000 | $1,018.84 | $6.01 | 1.20% | $9.20 | 1.84% |
R Class | $1,000 | $1,021.32 | $3.51 | 0.70% | $6.71 | 1.34% |
One Choice 2035 Portfolio | ||||||
Actual | ||||||
Investor Class | $1,000 | $1,060.50 | $1.02 | 0.20% | $4.39 | 0.86% |
Institutional Class | $1,000 | $1,061.10 | $0.00 | 0.00%(3) | $3.37 | 0.66% |
A Class | $1,000 | $1,059.10 | $2.30 | 0.45% | $5.67 | 1.11% |
C Class | $1,000 | $1,055.00 | $6.11 | 1.20% | $9.48 | 1.86% |
R Class | $1,000 | $1,057.80 | $3.57 | 0.70% | $6.94 | 1.36% |
Hypothetical | ||||||
Investor Class | $1,000 | $1,023.80 | $1.00 | 0.20% | $4.31 | 0.86% |
Institutional Class | $1,000 | $1,024.80 | $0.00 | 0.00%(3) | $3.31 | 0.66% |
A Class | $1,000 | $1,022.56 | $2.26 | 0.45% | $5.56 | 1.11% |
C Class | $1,000 | $1,018.84 | $6.01 | 1.20% | $9.30 | 1.86% |
R Class | $1,000 | $1,021.32 | $3.51 | 0.70% | $6.81 | 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 181, 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 2/1/14 | Ending Account Value 7/31/14 | Expenses Paid During Period(1)2/1/14 – 7/31/14 | Annualized Expense Ratio(1) | Effective Expenses Paid During Period(2)2/1/14 – 7/31/14 | Effective Annualized Expense Ratio(2) | |
One Choice 2040 Portfolio | ||||||
Actual | ||||||
Investor Class | $1,000 | $1,064.60 | $1.02 | 0.20% | $4.61 | 0.90% |
Institutional Class | $1,000 | $1,065.40 | $0.00 | 0.00%(3) | $3.58 | 0.70% |
A Class | $1,000 | $1,062.90 | $2.30 | 0.45% | $5.88 | 1.15% |
C Class | $1,000 | $1,059.60 | $6.13 | 1.20% | $9.70 | 1.90% |
R Class | $1,000 | $1,062.10 | $3.58 | 0.70% | $7.16 | 1.40% |
Hypothetical | ||||||
Investor Class | $1,000 | $1,023.80 | $1.00 | 0.20% | $4.51 | 0.90% |
Institutional Class | $1,000 | $1,024.80 | $0.00 | 0.00%(3) | $3.51 | 0.70% |
A Class | $1,000 | $1,022.56 | $2.26 | 0.45% | $5.76 | 1.15% |
C Class | $1,000 | $1,018.84 | $6.01 | 1.20% | $9.49 | 1.90% |
R Class | $1,000 | $1,021.32 | $3.51 | 0.70% | $7.00 | 1.40% |
One Choice 2045 Portfolio | ||||||
Actual | ||||||
Investor Class | $1,000 | $1,069.20 | $1.03 | 0.20% | $4.77 | 0.93% |
Institutional Class | $1,000 | $1,070.50 | $0.00 | 0.00%(3) | $3.75 | 0.73% |
A Class | $1,000 | $1,067.90 | $2.31 | 0.45% | $6.05 | 1.18% |
C Class | $1,000 | $1,063.90 | $6.14 | 1.20% | $9.88 | 1.93% |
R Class | $1,000 | $1,066.60 | $3.59 | 0.70% | $7.33 | 1.43% |
Hypothetical | ||||||
Investor Class | $1,000 | $1,023.80 | $1.00 | 0.20% | $4.66 | 0.93% |
Institutional Class | $1,000 | $1,024.80 | $0.00 | 0.00%(3) | $3.66 | 0.73% |
A Class | $1,000 | $1,022.56 | $2.26 | 0.45% | $5.91 | 1.18% |
C Class | $1,000 | $1,018.84 | $6.01 | 1.20% | $9.64 | 1.93% |
R Class | $1,000 | $1,021.32 | $3.51 | 0.70% | $7.15 | 1.43% |
(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 181, 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 2/1/14 | Ending Account Value 7/31/14 | Expenses Paid During Period(1)2/1/14 – 7/31/14 | Annualized Expense Ratio(1) | Effective Expenses Paid During Period(2)2/1/14 – 7/31/14 | Effective Annualized Expense Ratio(2) | |
One Choice 2050 Portfolio | ||||||
Actual | ||||||
Investor Class | $1,000 | $1,071.70 | $1.03 | 0.20% | $4.88 | 0.95% |
Institutional Class | $1,000 | $1,072.50 | $0.00 | 0.00%(3) | $3.85 | 0.75% |
A Class | $1,000 | $1,070.10 | $2.31 | 0.45% | $6.16 | 1.20% |
C Class | $1,000 | $1,065.80 | $6.15 | 1.20% | $9.99 | 1.95% |
R Class | $1,000 | $1,068.40 | $3.59 | 0.70% | $7.44 | 1.45% |
Hypothetical | ||||||
Investor Class | $1,000 | $1,023.80 | $1.00 | 0.20% | $4.76 | 0.95% |
Institutional Class | $1,000 | $1,024.80 | $0.00 | 0.00%(3) | $3.76 | 0.75% |
A Class | $1,000 | $1,022.56 | $2.26 | 0.45% | $6.01 | 1.20% |
C Class | $1,000 | $1,018.84 | $6.01 | 1.20% | $9.74 | 1.95% |
R Class | $1,000 | $1,021.32 | $3.51 | 0.70% | $7.25 | 1.45% |
One Choice 2055 Portfolio | ||||||
Actual | ||||||
Investor Class | $1,000 | $1,073.10 | $1.03 | 0.20% | $4.88 | 0.95% |
Institutional Class | $1,000 | $1,073.90 | $0.00 | 0.00%(3) | $3.86 | 0.75% |
A Class | $1,000 | $1,071.50 | $2.31 | 0.45% | $6.16 | 1.20% |
C Class | $1,000 | $1,067.40 | $6.15 | 1.20% | $10.00 | 1.95% |
R Class | $1,000 | $1,070.70 | $3.59 | 0.70% | $7.44 | 1.45% |
Hypothetical | ||||||
Investor Class | $1,000 | $1,023.80 | $1.00 | 0.20% | $4.76 | 0.95% |
Institutional Class | $1,000 | $1,024.80 | $0.00 | 0.00%(3) | $3.76 | 0.75% |
A Class | $1,000 | $1,022.56 | $2.26 | 0.45% | $6.01 | 1.20% |
C Class | $1,000 | $1,018.84 | $6.01 | 1.20% | $9.74 | 1.95% |
R Class | $1,000 | $1,021.32 | $3.51 | 0.70% | $7.25 | 1.45% |
(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 181, 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%. |
Schedules of Investments |
Shares | Value | |||
MUTUAL FUNDS(1) — 100.0% | ||||
DOMESTIC EQUITY FUNDS — 39.5% | ||||
NT Core Equity Plus Fund Institutional Class | 1,213,496 | $ | 18,748,506 | |
NT Equity Growth Fund Institutional Class | 4,813,364 | 61,996,124 | ||
NT Growth Fund Institutional Class | 2,509,783 | 40,407,511 | ||
NT Heritage Fund Institutional Class | 1,218,332 | 15,558,098 | ||
NT Large Company Value Fund Institutional Class | 5,428,536 | 68,182,408 | ||
NT Mid Cap Value Fund Institutional Class | 1,915,333 | 24,995,101 | ||
NT Small Company Fund Institutional Class | 1,189,684 | 12,384,609 | ||
Real Estate Fund Institutional Class | 233,018 | 6,333,427 | ||
248,605,784 | ||||
DOMESTIC FIXED INCOME FUNDS — 38.4% | ||||
High-Yield Fund Institutional Class | 3,915,106 | 24,038,749 | ||
Inflation-Adjusted Bond Fund Institutional Class | 793,500 | 9,514,071 | ||
NT Diversified Bond Fund Institutional Class | 15,613,415 | 168,937,152 | ||
Short Duration Inflation Protection Bond Fund Institutional Class | 3,731,363 | 38,843,486 | ||
241,333,458 | ||||
MONEY MARKET FUNDS — 10.1% | ||||
Premium Money Market Fund Investor Class | 63,596,470 | 63,596,470 | ||
INTERNATIONAL FIXED INCOME FUNDS — 7.0% | ||||
International Bond Fund Institutional Class | 3,092,797 | 44,288,846 | ||
INTERNATIONAL EQUITY FUNDS — 5.0% | ||||
NT International Growth Fund Institutional Class | 2,685,956 | 31,157,092 | ||
TOTAL INVESTMENT SECURITIES — 100.0% (Cost $526,749,023) | 628,981,650 | |||
OTHER ASSETS AND LIABILITIES† | (10,440) | |||
TOTAL NET ASSETS — 100.0% | $ | 628,971,210 |
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. |
Shares | Value | |||
MUTUAL FUNDS(1) — 100.0% | ||||
DOMESTIC EQUITY FUNDS — 40.0% | ||||
NT Core Equity Plus Fund Institutional Class | 2,452,489 | $ | 37,890,953 | |
NT Equity Growth Fund Institutional Class | 9,786,027 | 126,044,031 | ||
NT Growth Fund Institutional Class | 5,182,404 | 83,436,708 | ||
NT Heritage Fund Institutional Class | 2,597,496 | 33,170,019 | ||
NT Large Company Value Fund Institutional Class | 11,022,770 | 138,445,986 | ||
NT Mid Cap Value Fund Institutional Class | 4,011,275 | 52,347,142 | ||
NT Small Company Fund Institutional Class | 2,409,401 | 25,081,867 | ||
Real Estate Fund Institutional Class | 482,226 | 13,106,890 | ||
509,523,596 | ||||
DOMESTIC FIXED INCOME FUNDS — 38.1% | ||||
High-Yield Fund Institutional Class | 7,813,003 | 47,971,835 | ||
Inflation-Adjusted Bond Fund Institutional Class | 1,775,376 | 21,286,754 | ||
NT Diversified Bond Fund Institutional Class | 31,470,590 | 340,511,788 | ||
Short Duration Inflation Protection Bond Fund Institutional Class | 7,261,777 | 75,595,100 | ||
485,365,477 | ||||
MONEY MARKET FUNDS — 9.9% | ||||
Premium Money Market Fund Investor Class | 125,381,873 | 125,381,873 | ||
INTERNATIONAL FIXED INCOME FUNDS — 6.9% | ||||
International Bond Fund Institutional Class | 6,149,740 | 88,064,271 | ||
INTERNATIONAL EQUITY FUNDS — 5.1% | ||||
NT Emerging Markets Fund Institutional Class | 155,639 | 1,715,137 | ||
NT International Growth Fund Institutional Class | 5,456,991 | 63,301,099 | ||
65,016,236 | ||||
TOTAL INVESTMENT SECURITIES — 100.0% (Cost $1,045,470,654) | 1,273,351,453 | |||
OTHER ASSETS AND LIABILITIES† | (378) | |||
TOTAL NET ASSETS — 100.0% | $ | 1,273,351,075 |
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. |
Shares | Value | |||
MUTUAL FUNDS(1) — 100.0% | ||||
DOMESTIC EQUITY FUNDS — 43.2% | ||||
NT Core Equity Plus Fund Institutional Class | 2,600,485 | $ | 40,177,487 | |
NT Equity Growth Fund Institutional Class | 9,947,037 | 128,117,838 | ||
NT Growth Fund Institutional Class | 6,522,353 | 105,009,877 | ||
NT Heritage Fund Institutional Class | 3,797,847 | 48,498,511 | ||
NT Large Company Value Fund Institutional Class | 11,904,247 | 149,517,346 | ||
NT Mid Cap Value Fund Institutional Class | 5,021,335 | 65,528,416 | ||
NT Small Company Fund Institutional Class | 2,542,431 | 26,466,705 | ||
Real Estate Fund Institutional Class | 637,599 | 17,329,947 | ||
580,646,127 | ||||
DOMESTIC FIXED INCOME FUNDS — 36.6% | ||||
High-Yield Fund Institutional Class | 8,004,822 | 49,149,604 | ||
Inflation-Adjusted Bond Fund Institutional Class | 3,371,806 | 40,427,949 | ||
NT Diversified Bond Fund Institutional Class | 31,904,039 | 345,201,698 | ||
Short Duration Inflation Protection Bond Fund Institutional Class | 5,582,518 | 58,114,015 | ||
492,893,266 | ||||
MONEY MARKET FUNDS — 7.3% | ||||
Premium Money Market Fund Investor Class | 98,236,472 | 98,236,472 | ||
INTERNATIONAL EQUITY FUNDS — 7.0% | ||||
NT Emerging Markets Fund Institutional Class | 1,388,264 | 15,298,669 | ||
NT International Growth Fund Institutional Class | 6,775,178 | 78,592,061 | ||
93,890,730 | ||||
INTERNATIONAL FIXED INCOME FUNDS — 5.9% | ||||
International Bond Fund Institutional Class | 5,543,361 | 79,380,924 | ||
TOTAL INVESTMENT SECURITIES — 100.0% (Cost $1,158,579,902) | 1,345,047,519 | |||
OTHER ASSETS AND LIABILITIES† | 901 | |||
TOTAL NET ASSETS — 100.0% | $ | 1,345,048,420 |
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. |
Shares | Value | |||
MUTUAL FUNDS(1) — 100.0% | ||||
DOMESTIC EQUITY FUNDS — 46.3% | ||||
NT Core Equity Plus Fund Institutional Class | 4,193,413 | $ | 64,788,224 | |
NT Equity Growth Fund Institutional Class | 15,425,935 | 198,686,047 | ||
NT Growth Fund Institutional Class | 11,990,464 | 193,046,477 | ||
NT Heritage Fund Institutional Class | 7,579,590 | 96,791,367 | ||
NT Large Company Value Fund Institutional Class | 19,426,434 | 243,996,009 | ||
NT Mid Cap Value Fund Institutional Class | 9,109,325 | 118,876,688 | ||
NT Small Company Fund Institutional Class | 4,876,213 | 50,761,373 | ||
Real Estate Fund Institutional Class | 1,228,233 | 33,383,373 | ||
1,000,329,558 | ||||
DOMESTIC FIXED INCOME FUNDS — 34.9% | ||||
High-Yield Fund Institutional Class | 12,133,810 | 74,501,593 | ||
Inflation-Adjusted Bond Fund Institutional Class | 7,451,041 | 89,337,982 | ||
NT Diversified Bond Fund Institutional Class | 49,022,955 | 530,428,369 | ||
Short Duration Inflation Protection Bond Fund Institutional Class | 5,765,177 | 60,015,491 | ||
754,283,435 | ||||
INTERNATIONAL EQUITY FUNDS — 9.1% | ||||
NT Emerging Markets Fund Institutional Class | 4,420,816 | 48,717,391 | ||
NT International Growth Fund Institutional Class | 12,710,272 | 147,439,152 | ||
196,156,543 | ||||
MONEY MARKET FUNDS — 5.0% | ||||
Premium Money Market Fund Investor Class | 108,837,240 | 108,837,240 | ||
INTERNATIONAL FIXED INCOME FUNDS — 4.7% | ||||
International Bond Fund Institutional Class | 7,171,406 | 102,694,541 | ||
TOTAL INVESTMENT SECURITIES — 100.0% (Cost $1,770,626,656) | 2,162,301,317 | |||
OTHER ASSETS AND LIABILITIES† | (18,684) | |||
TOTAL NET ASSETS — 100.0% | $ | 2,162,282,633 |
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. |
Shares | Value | |||
MUTUAL FUNDS(1) — 100.0% | ||||
DOMESTIC EQUITY FUNDS — 50.1% | ||||
NT Core Equity Plus Fund Institutional Class | 2,766,348 | $ | 42,740,078 | |
NT Equity Growth Fund Institutional Class | 9,449,775 | 121,713,108 | ||
NT Growth Fund Institutional Class | 8,797,057 | 141,632,611 | ||
NT Heritage Fund Institutional Class | 5,165,353 | 65,961,559 | ||
NT Large Company Value Fund Institutional Class | 12,454,108 | 156,423,602 | ||
NT Mid Cap Value Fund Institutional Class | 5,330,268 | 69,560,002 | ||
NT Small Company Fund Institutional Class | 4,235,695 | 44,093,587 | ||
Real Estate Fund Institutional Class | 875,558 | 23,797,679 | ||
665,922,226 | ||||
DOMESTIC FIXED INCOME FUNDS — 31.5% | ||||
High-Yield Fund Institutional Class | 6,698,172 | 41,126,774 | ||
Inflation-Adjusted Bond Fund Institutional Class | 5,515,805 | 66,134,501 | ||
NT Diversified Bond Fund Institutional Class | 27,085,248 | 293,062,384 | ||
Short Duration Inflation Protection Bond Fund Institutional Class | 1,700,300 | 17,700,128 | ||
418,023,787 | ||||
INTERNATIONAL EQUITY FUNDS — 11.1% | ||||
NT Emerging Markets Fund Institutional Class | 3,328,115 | 36,675,822 | ||
NT International Growth Fund Institutional Class | 9,509,165 | 110,306,314 | ||
146,982,136 | ||||
MONEY MARKET FUNDS — 5.0% | ||||
Premium Money Market Fund Investor Class | 67,117,954 | 67,117,954 | ||
INTERNATIONAL FIXED INCOME FUNDS — 2.3% | ||||
International Bond Fund Institutional Class | 2,091,234 | 29,946,471 | ||
TOTAL INVESTMENT SECURITIES — 100.0% (Cost $1,133,427,281) | 1,327,992,574 | |||
OTHER ASSETS AND LIABILITIES† | 2,791 | |||
TOTAL NET ASSETS — 100.0% | $ | 1,327,995,365 |
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. |
Shares | Value | |||
MUTUAL FUNDS(1) — 100.0% | ||||
DOMESTIC EQUITY FUNDS — 54.6% | ||||
NT Core Equity Plus Fund Institutional Class | 3,543,379 | $ | 54,745,212 | |
NT Equity Growth Fund Institutional Class | 12,241,435 | 157,669,676 | ||
NT Growth Fund Institutional Class | 13,169,512 | 212,029,145 | ||
NT Heritage Fund Institutional Class | 7,079,114 | 90,400,282 | ||
NT Large Company Value Fund Institutional Class | 16,878,694 | 211,996,402 | ||
NT Mid Cap Value Fund Institutional Class | 6,966,475 | 90,912,502 | ||
NT Small Company Fund Institutional Class | 6,791,938 | 70,704,075 | ||
Real Estate Fund Institutional Class | 1,264,099 | 34,358,220 | ||
922,815,514 | ||||
DOMESTIC FIXED INCOME FUNDS — 27.8% | ||||
High-Yield Fund Institutional Class | 7,551,019 | 46,363,256 | ||
Inflation-Adjusted Bond Fund Institutional Class | 7,712,940 | 92,478,146 | ||
NT Diversified Bond Fund Institutional Class | 30,484,166 | 329,838,678 | ||
Short Duration Inflation Protection Bond Fund Institutional Class | 120,151 | 1,250,774 | ||
469,930,854 | ||||
INTERNATIONAL EQUITY FUNDS — 12.8% | ||||
NT Emerging Markets Fund Institutional Class | 5,167,044 | 56,940,822 | ||
NT International Growth Fund Institutional Class | 13,789,169 | 159,954,360 | ||
216,895,182 | ||||
MONEY MARKET FUNDS — 4.8% | ||||
Premium Money Market Fund Investor Class | 81,257,635 | 81,257,635 | ||
TOTAL INVESTMENT SECURITIES — 100.0% (Cost $1,374,016,512) | 1,690,899,185 | |||
OTHER ASSETS AND LIABILITIES† | 2,760 | |||
TOTAL NET ASSETS — 100.0% | $ | 1,690,901,945 |
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. |
Shares | Value | |||
MUTUAL FUNDS(1) — 100.0% | ||||
DOMESTIC EQUITY FUNDS — 59.7% | ||||
NT Core Equity Plus Fund Institutional Class | 2,177,561 | $ | 33,643,317 | |
NT Equity Growth Fund Institutional Class | 7,546,938 | 97,204,560 | ||
NT Growth Fund Institutional Class | 8,114,074 | 130,636,594 | ||
NT Heritage Fund Institutional Class | 4,793,190 | 61,209,041 | ||
NT Large Company Value Fund Institutional Class | 10,385,422 | 130,440,902 | ||
NT Mid Cap Value Fund Institutional Class | 4,716,832 | 61,554,660 | ||
NT Small Company Fund Institutional Class | 3,804,158 | 39,601,289 | ||
Real Estate Fund Institutional Class | 811,805 | 22,064,852 | ||
576,355,215 | ||||
DOMESTIC FIXED INCOME FUNDS — 23.9% | ||||
High-Yield Fund Institutional Class | 3,711,399 | 22,787,989 | ||
Inflation-Adjusted Bond Fund Institutional Class | 3,834,679 | 45,977,800 | ||
NT Diversified Bond Fund Institutional Class | 14,951,828 | 161,778,774 | ||
230,544,563 | ||||
INTERNATIONAL EQUITY FUNDS — 14.1% | ||||
NT Emerging Markets Fund Institutional Class | 3,712,570 | 40,912,527 | ||
NT International Growth Fund Institutional Class | 8,178,820 | 94,874,313 | ||
135,786,840 | ||||
MONEY MARKET FUNDS — 2.3% | ||||
Premium Money Market Fund Investor Class | 21,824,390 | 21,824,390 | ||
TOTAL INVESTMENT SECURITIES — 100.0% (Cost $819,022,707) | 964,511,008 | |||
OTHER ASSETS AND LIABILITIES† | (7,483) | |||
TOTAL NET ASSETS — 100.0% | $ | 964,503,525 |
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. |
Shares | Value | |||
MUTUAL FUNDS(1) — 100.0% | ||||
DOMESTIC EQUITY FUNDS — 64.4% | ||||
NT Core Equity Plus Fund Institutional Class | 3,414,121 | $ | 52,748,164 | |
NT Equity Growth Fund Institutional Class | 9,623,672 | 123,952,889 | ||
NT Growth Fund Institutional Class | 10,827,142 | 174,316,985 | ||
NT Heritage Fund Institutional Class | 6,825,704 | 87,164,243 | ||
NT Large Company Value Fund Institutional Class | 13,886,347 | 174,412,519 | ||
NT Mid Cap Value Fund Institutional Class | 6,717,549 | 87,664,011 | ||
NT Small Company Fund Institutional Class | 4,589,500 | 47,776,691 | ||
Real Estate Fund Institutional Class | 1,124,914 | 30,575,161 | ||
778,610,663 | ||||
DOMESTIC FIXED INCOME FUNDS — 20.1% | ||||
High-Yield Fund Institutional Class | 3,928,175 | 24,118,993 | ||
Inflation-Adjusted Bond Fund Institutional Class | 4,044,872 | 48,498,016 | ||
NT Diversified Bond Fund Institutional Class | 15,738,325 | 170,288,678 | ||
242,905,687 | ||||
INTERNATIONAL EQUITY FUNDS — 15.5% | ||||
NT Emerging Markets Fund Institutional Class | 5,739,596 | 63,250,343 | ||
NT International Growth Fund Institutional Class | 10,673,578 | 123,813,510 | ||
187,063,853 | ||||
TOTAL INVESTMENT SECURITIES — 100.0% (Cost $982,075,826) | 1,208,580,203 | |||
OTHER ASSETS AND LIABILITIES† | 2,224 | |||
TOTAL NET ASSETS — 100.0% | $ | 1,208,582,427 |
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. |
Shares | Value | |||
MUTUAL FUNDS(1) — 100.0% | ||||
DOMESTIC EQUITY FUNDS — 66.2% | ||||
NT Core Equity Plus Fund Institutional Class | 1,540,382 | $ | 23,798,903 | |
NT Equity Growth Fund Institutional Class | 4,206,684 | 54,182,084 | ||
NT Growth Fund Institutional Class | 4,851,752 | 78,113,200 | ||
NT Heritage Fund Institutional Class | 3,011,252 | 38,453,694 | ||
NT Large Company Value Fund Institutional Class | 6,324,547 | 79,436,310 | ||
NT Mid Cap Value Fund Institutional Class | 2,963,750 | 38,676,937 | ||
NT Small Company Fund Institutional Class | 2,342,284 | 24,383,176 | ||
Real Estate Fund Institutional Class | 546,919 | 14,865,267 | ||
351,909,571 | ||||
DOMESTIC FIXED INCOME FUNDS — 17.7% | ||||
High-Yield Fund Institutional Class | 1,511,372 | 9,279,822 | ||
Inflation-Adjusted Bond Fund Institutional Class | 1,555,033 | 18,644,842 | ||
NT Diversified Bond Fund Institutional Class | 6,147,462 | 66,515,538 | ||
94,440,202 | ||||
INTERNATIONAL EQUITY FUNDS — 16.1% | ||||
NT Emerging Markets Fund Institutional Class | 2,957,629 | 32,593,074 | ||
NT International Growth Fund Institutional Class | 4,566,921 | 52,976,278 | ||
85,569,352 | ||||
TOTAL INVESTMENT SECURITIES — 100.0% (Cost $455,315,061) | 531,919,125 | |||
OTHER ASSETS AND LIABILITIES† | 1,771 | |||
TOTAL NET ASSETS — 100.0% | $ | 531,920,896 |
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. |
Shares | Value | |||
MUTUAL FUNDS(1) — 100.0% | ||||
DOMESTIC EQUITY FUNDS — 68.8% | ||||
NT Core Equity Plus Fund Institutional Class | 356,424 | $ | 5,506,746 | |
NT Equity Growth Fund Institutional Class | 1,020,537 | 13,144,513 | ||
NT Growth Fund Institutional Class | 1,157,919 | 18,642,499 | ||
NT Heritage Fund Institutional Class | 719,770 | 9,191,468 | ||
NT Large Company Value Fund Institutional Class | 1,508,307 | 18,944,338 | ||
NT Mid Cap Value Fund Institutional Class | 705,967 | 9,212,874 | ||
NT Small Company Fund Institutional Class | 584,136 | 6,080,855 | ||
Real Estate Fund Institutional Class | 135,426 | 3,680,880 | ||
84,404,173 | ||||
INTERNATIONAL EQUITY FUNDS — 16.0% | ||||
NT Emerging Markets Fund Institutional Class | 721,889 | 7,955,213 | ||
NT International Growth Fund Institutional Class | 1,005,142 | 11,659,646 | ||
19,614,859 | ||||
DOMESTIC FIXED INCOME FUNDS — 15.2% | ||||
High-Yield Fund Institutional Class | 302,406 | 1,856,771 | ||
Inflation-Adjusted Bond Fund Institutional Class | 311,837 | 3,738,921 | ||
NT Diversified Bond Fund Institutional Class | 1,211,019 | 13,103,228 | ||
18,698,920 | ||||
TOTAL INVESTMENT SECURITIES — 100.0% (Cost $112,871,068) | 122,717,952 | |||
OTHER ASSETS AND LIABILITIES† | 200 | |||
TOTAL NET ASSETS — 100.0% | $ | 122,718,152 |
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. |
Statements of Assets and Liabilities |
JULY 31, 2014 | |||||||||
One Choice In Retirement Portfolio | One Choice 2015 Portfolio | One Choice 2020 Portfolio | |||||||
Assets | |||||||||
Investment securities in affiliates, at value (cost of $526,749,023, $1,045,470,654 and $1,158,579,902, respectively) | $ | 628,981,650 | $ | 1,273,351,453 | $ | 1,345,047,519 | |||
Cash | 156,197 | 297,833 | 310,601 | ||||||
Receivable for investments sold | 159,717 | 4,956,829 | 1,055,751 | ||||||
Receivable for capital shares sold | 1,375,225 | 939,758 | 1,755,487 | ||||||
Distributions receivable from affiliates | 398,150 | 805,087 | 810,330 | ||||||
631,070,939 | 1,280,350,960 | 1,348,979,688 | |||||||
Liabilities | |||||||||
Payable for investments purchased | 398,351 | 805,492 | 810,740 | ||||||
Payable for capital shares redeemed | 1,540,016 | 5,886,719 | 2,799,621 | ||||||
Accrued administrative fees | 86,157 | 180,536 | 179,261 | ||||||
Distribution and service fees payable | 75,205 | 127,138 | 141,646 | ||||||
2,099,729 | 6,999,885 | 3,931,268 | |||||||
Net Assets | $ | 628,971,210 | $ | 1,273,351,075 | $ | 1,345,048,420 | |||
Net Assets Consist of: | |||||||||
Capital (par value and paid-in surplus) | $ | 530,996,537 | $ | 1,038,998,604 | $ | 1,135,035,136 | |||
Undistributed net investment income | — | 4,556,235 | 6,731,904 | ||||||
Accumulated undistributed net realized gain (loss) | (4,257,954 | ) | 1,915,437 | 16,813,763 | |||||
Net unrealized appreciation | 102,232,627 | 227,880,799 | 186,467,617 | ||||||
$ | 628,971,210 | $ | 1,273,351,075 | $ | 1,345,048,420 |
Fund/Class | Net Assets | Shares Outstanding | Net Asset Value Per Share | |||
One Choice In Retirement Portfolio | ||||||
Investor Class, $0.01 Par Value | $255,133,476 | 19,595,970 | $13.02 | |||
Institutional Class, $0.01 Par Value | $130,406,018 | 10,011,429 | $13.03 | |||
A Class, $0.01 Par Value | $139,911,161 | 10,748,583 | $13.02* | |||
C Class, $0.01 Par Value | $2,574,141 | 198,075 | $13.00 | |||
R Class, $0.01 Par Value | $100,946,414 | 7,762,656 | $13.00 | |||
One Choice 2015 Portfolio | ||||||
Investor Class, $0.01 Par Value | $598,572,446 | 43,330,259 | $13.81 | |||
Institutional Class, $0.01 Par Value | $233,982,686 | 16,906,410 | $13.84 | |||
A Class, $0.01 Par Value | $308,074,770 | 22,335,462 | $13.79* | |||
C Class, $0.01 Par Value | $4,763,670 | 346,102 | $13.76 | |||
R Class, $0.01 Par Value | $127,957,503 | 9,288,640 | $13.78 | |||
One Choice 2020 Portfolio | ||||||
Investor Class, $0.01 Par Value | $549,087,239 | 44,796,227 | $12.26 | |||
Institutional Class, $0.01 Par Value | $310,324,530 | 25,296,849 | $12.27 | |||
A Class, $0.01 Par Value | $334,140,624 | 27,311,830 | $12.23* | |||
C Class, $0.01 Par Value | $10,742,879 | 879,352 | $12.22 | |||
R Class, $0.01 Par Value | $140,753,148 | 11,520,017 | $12.22 |
JULY 31, 2014 | |||||||||
One Choice 2025 Portfolio | One Choice 2030 Portfolio | One Choice 2035 Portfolio | |||||||
Assets | |||||||||
Investment securities in affiliates, at value (cost of $1,770,626,656, $1,133,427,281 and $1,374,016,512, respectively) | $ | 2,162,301,317 | $ | 1,327,992,574 | $ | 1,690,899,185 | |||
Cash | 495,034 | 302,078 | 398,400 | ||||||
Receivable for investments sold | 4,164,998 | 1,019,130 | 3,947,825 | ||||||
Receivable for capital shares sold | 2,064,563 | 1,219,859 | 1,326,384 | ||||||
Distributions receivable from affiliates | 1,241,855 | 684,509 | 774,475 | ||||||
2,170,267,767 | 1,331,218,150 | 1,697,346,269 | |||||||
Liabilities | |||||||||
Payable for investments purchased | 1,242,485 | 684,857 | 774,867 | ||||||
Payable for capital shares redeemed | 6,231,154 | 2,225,796 | 5,257,785 | ||||||
Accrued administrative fees | 300,443 | 174,413 | 236,836 | ||||||
Distribution and service fees payable | 211,052 | 137,719 | 174,836 | ||||||
7,985,134 | 3,222,785 | 6,444,324 | |||||||
Net Assets | $ | 2,162,282,633 | $ | 1,327,995,365 | $ | 1,690,901,945 | |||
Net Assets Consist of: | |||||||||
Capital (par value and paid-in surplus) | $ | 1,748,393,477 | $ | 1,104,318,629 | $ | 1,345,556,235 | |||
Undistributed net investment income | 10,452,379 | 6,134,571 | 7,420,515 | ||||||
Undistributed net realized gain | 11,762,116 | 22,976,872 | 21,042,522 | ||||||
Net unrealized appreciation | 391,674,661 | 194,565,293 | 316,882,673 | ||||||
$ | 2,162,282,633 | $ | 1,327,995,365 | $ | 1,690,901,945 |
Fund/Class | Net Assets | Shares Outstanding | Net Asset Value Per Share | |
One Choice 2025 Portfolio | ||||
Investor Class, $0.01 Par Value | $992,506,738 | 68,129,524 | $14.57 | |
Institutional Class, $0.01 Par Value | $424,419,617 | 29,108,456 | $14.58 | |
A Class, $0.01 Par Value | $528,142,173 | 36,303,727 | $14.55* | |
C Class, $0.01 Par Value | $7,147,165 | 492,282 | $14.52 | |
R Class, $0.01 Par Value | $210,066,940 | 14,462,586 | $14.52 | |
One Choice 2030 Portfolio | ||||
Investor Class, $0.01 Par Value | $512,356,435 | 41,192,378 | $12.44 | |
Institutional Class, $0.01 Par Value | $320,834,117 | 25,780,460 | $12.44 | |
A Class, $0.01 Par Value | $355,604,086 | 28,660,536 | $12.41* | |
C Class, $0.01 Par Value | $4,449,291 | 359,047 | $12.39 | |
R Class, $0.01 Par Value | $134,751,436 | 10,871,682 | $12.39 | |
One Choice 2035 Portfolio | ||||
Investor Class, $0.01 Par Value | $755,938,285 | 48,466,409 | $15.60 | |
Institutional Class, $0.01 Par Value | $323,042,706 | 20,676,273 | $15.62 | |
A Class, $0.01 Par Value | $425,197,817 | 27,295,955 | $15.58* | |
C Class, $0.01 Par Value | $4,586,422 | 295,258 | $15.53 | |
R Class, $0.01 Par Value | $182,136,715 | 11,707,085 | $15.56 |
JULY 31, 2014 | |||||||||
One Choice 2040 Portfolio | One Choice 2045 Portfolio | One Choice 2050 Portfolio | |||||||
Assets | |||||||||
Investment securities in affiliates, at value (cost of $819,022,707, $982,075,826 and $455,315,061, respectively) | $ | 964,511,008 | $ | 1,208,580,203 | $ | 531,919,125 | |||
Cash | 210,303 | 265,709 | 115,189 | ||||||
Receivable for investments sold | 863,544 | 3,880,654 | 271,737 | ||||||
Receivable for capital shares sold | 1,081,813 | 1,889,765 | 1,195,239 | ||||||
Distributions receivable from affiliates | 378,920 | 400,066 | 154,810 | ||||||
967,045,588 | 1,215,016,397 | 533,656,100 | |||||||
Liabilities | |||||||||
Payable for investments purchased | 379,113 | 400,269 | 154,890 | ||||||
Payable for capital shares redeemed | 1,945,631 | 5,759,064 | 1,461,272 | ||||||
Accrued administrative fees | 124,849 | 160,512 | 68,530 | ||||||
Distribution and service fees payable | 92,470 | 114,125 | 50,512 | ||||||
2,542,063 | 6,433,970 | 1,735,204 | |||||||
Net Assets | $ | 964,503,525 | $ | 1,208,582,427 | $ | 531,920,896 | |||
Net Assets Consist of: | |||||||||
Capital (par value and paid-in surplus) | $ | 793,609,476 | $ | 960,358,266 | $ | 441,596,969 | |||
Undistributed net investment income | 3,987,565 | 4,615,117 | 1,852,526 | ||||||
Undistributed net realized gain | 21,418,183 | 17,104,667 | 11,867,337 | ||||||
Net unrealized appreciation | 145,488,301 | 226,504,377 | 76,604,064 | ||||||
$ | 964,503,525 | $ | 1,208,582,427 | $ | 531,920,896 |
Fund/Class | Net Assets | Shares Outstanding | Net Asset Value Per Share | |||
One Choice 2040 Portfolio | ||||||
Investor Class, $0.01 Par Value | $392,198,648 | 30,494,264 | $12.86 | |||
Institutional Class, $0.01 Par Value | $243,924,187 | 18,948,468 | $12.87 | |||
A Class, $0.01 Par Value | $230,764,319 | 17,969,921 | $12.84* | |||
C Class, $0.01 Par Value | $2,939,038 | 229,533 | $12.80 | |||
R Class, $0.01 Par Value | $94,677,333 | 7,384,814 | $12.82 | |||
One Choice 2045 Portfolio | ||||||
Investor Class, $0.01 Par Value | $523,827,752 | 32,304,787 | $16.22 | |||
Institutional Class, $0.01 Par Value | $281,771,665 | 17,350,207 | $16.24 | |||
A Class, $0.01 Par Value | $283,598,234 | 17,520,055 | $16.19* | |||
C Class, $0.01 Par Value | $1,992,846 | 123,378 | $16.15 | |||
R Class, $0.01 Par Value | $117,391,930 | 7,258,734 | $16.17 | |||
One Choice 2050 Portfolio | ||||||
Investor Class, $0.01 Par Value | $214,823,214 | 16,723,247 | $12.85 | |||
Institutional Class, $0.01 Par Value | $135,634,803 | 10,540,301 | $12.87 | |||
A Class, $0.01 Par Value | $131,709,209 | 10,268,986 | $12.83* | |||
C Class, $0.01 Par Value | $1,982,548 | 154,866 | $12.80 | |||
R Class, $0.01 Par Value | $47,771,122 | 3,728,413 | $12.81 |
JULY 31, 2014 | |||
One Choice 2055 Portfolio | |||
Assets | |||
Investment securities in affiliates, at value (cost of $112,871,068) | $ | 122,717,952 | |
Cash | 25,811 | ||
Receivable for capital shares sold | 703,549 | ||
Distributions receivable from affiliates | 30,254 | ||
123,477,566 | |||
Liabilities | |||
Payable for investments purchased | 184,732 | ||
Payable for capital shares redeemed | 547,992 | ||
Accrued administrative fees | 13,520 | ||
Distribution and service fees payable | 13,170 | ||
759,414 | |||
Net Assets | $ | 122,718,152 | |
Net Assets Consist of: | |||
Capital (par value and paid-in surplus) | $ | 110,484,060 | |
Undistributed net investment income | 362,203 | ||
Undistributed net realized gain | 2,025,005 | ||
Net unrealized appreciation | 9,846,884 | ||
$ | 122,718,152 |
Fund/Class | Net Assets | Shares Outstanding | Net Asset Value Per Share | |
One Choice 2055 Portfolio | ||||
Investor Class, $0.01 Par Value | $33,356,765 | 2,524,053 | $13.22 | |
Institutional Class, $0.01 Par Value | $43,147,439 | 3,262,178 | $13.23 | |
A Class, $0.01 Par Value | $31,786,508 | 2,410,020 | $13.19* | |
C Class, $0.01 Par Value | $428,103 | 32,581 | $13.14 | |
R Class, $0.01 Par Value | $13,999,337 | 1,062,164 | $13.18 |
Statements of Operations |
YEAR ENDED JULY 31, 2014 | |||||||||
One Choice In Retirement Portfolio | One Choice 2015 Portfolio | One Choice 2020 Portfolio | |||||||
Investment Income (Loss) | |||||||||
Income from Affiliates: | |||||||||
Income distributions from underlying funds | $ | 12,923,753 | $ | 28,739,349 | $ | 28,296,660 | |||
Expenses: | |||||||||
Administrative fees: | |||||||||
Investor Class | 478,558 | 1,168,439 | 997,174 | ||||||
A Class | 258,721 | 620,126 | 621,587 | ||||||
C Class | 4,236 | 9,042 | 16,891 | ||||||
R Class | 158,555 | 248,377 | 244,879 | ||||||
Distribution and service fees: | |||||||||
A Class | 323,401 | 775,158 | 776,984 | ||||||
C Class | 21,180 | 45,208 | 84,455 | ||||||
R Class | 396,387 | 620,941 | 612,198 | ||||||
Directors’ fees and expenses | 11,011 | 23,077 | 28,418 | ||||||
1,652,049 | 3,510,368 | 3,382,586 | |||||||
Net investment income (loss) | 11,271,704 | 25,228,981 | 24,914,074 | ||||||
Net Realized and Unrealized Gain (Loss) on Affiliates | |||||||||
Net realized gain (loss) on: | |||||||||
Sale of investments in underlying funds | (989,215 | ) | 6,321,811 | (3,911,036 | ) | ||||
Capital gain distributions received from underlying funds | 10,113,921 | 23,195,446 | 24,439,742 | ||||||
9,124,706 | 29,517,257 | 20,528,706 | |||||||
Change in net unrealized appreciation (depreciation) on investments in underlying funds | 22,567,777 | 42,723,180 | 54,975,502 | ||||||
Net realized and unrealized gain (loss) on affiliates | 31,692,483 | 72,240,437 | 75,504,208 | ||||||
Net Increase (Decrease) in Net Assets Resulting from Operations | $ | 42,964,187 | $ | 97,469,418 | $ | 100,418,282 |
YEAR ENDED JULY 31, 2014 | |||||||||
One Choice 2025 Portfolio | One Choice 2030 Portfolio | One Choice 2035 Portfolio | |||||||
Investment Income (Loss) | |||||||||
Income from Affiliates: | |||||||||
Income distributions from underlying funds | $ | 48,428,982 | $ | 28,493,772 | $ | 38,638,300 | |||
Expenses: | |||||||||
Administrative fees: | |||||||||
Investor Class | 1,839,913 | 906,497 | 1,364,987 | ||||||
A Class | 1,012,928 | 634,589 | 795,653 | ||||||
C Class | 13,481 | 8,048 | 8,212 | ||||||
R Class | 383,712 | 235,824 | 329,203 | ||||||
Distribution and service fees: | |||||||||
A Class | 1,266,160 | 793,236 | 994,567 | ||||||
C Class | 67,404 | 40,243 | 41,062 | ||||||
R Class | 959,280 | 589,560 | 823,007 | ||||||
Directors’ fees and expenses | 41,051 | 28,234 | 33,869 | ||||||
5,583,929 | 3,236,231 | 4,390,560 | |||||||
Net investment income (loss) | 42,845,053 | 25,257,541 | 34,247,740 | ||||||
Net Realized and Unrealized Gain (Loss) on Affiliates | |||||||||
Net realized gain (loss) on: | |||||||||
Sale of investments in underlying funds | (2,468,458 | ) | (2,316,714 | ) | (218,085 | ) | |||
Capital gain distributions received from underlying funds | 45,264,157 | 28,866,555 | 41,943,021 | ||||||
42,795,699 | 26,549,841 | 41,724,936 | |||||||
Change in net unrealized appreciation (depreciation) on investments in underlying funds | 92,519,980 | 56,111,490 | 77,422,009 | ||||||
Net realized and unrealized gain (loss) on affiliates | 135,315,679 | 82,661,331 | 119,146,945 | ||||||
Net Increase (Decrease) in Net Assets Resulting from Operations | $ | 178,160,732 | $ | 107,918,872 | $ | 153,394,685 |
YEAR ENDED JULY 31, 2014 | |||||||||
One Choice 2040 Portfolio | One Choice 2045 Portfolio | One Choice 2050 Portfolio | |||||||
Investment Income (Loss) | |||||||||
Income from Affiliates: | |||||||||
Income distributions from underlying funds | $ | 21,389,758 | $ | 27,379,651 | $ | 11,245,158 | |||
Expenses: | |||||||||
Administrative fees: | |||||||||
Investor Class | 678,622 | 909,080 | 346,479 | ||||||
A Class | 418,197 | 524,276 | 225,468 | ||||||
C Class | 5,472 | 3,153 | 4,152 | ||||||
R Class | 154,316 | 208,002 | 80,372 | ||||||
Distribution and service fees: | |||||||||
A Class | 522,746 | 655,344 | 281,835 | ||||||
C Class | 27,361 | 15,764 | 20,761 | ||||||
R Class | 385,790 | 520,004 | 200,930 | ||||||
Directors’ fees and expenses | 21,275 | 24,632 | 11,885 | ||||||
2,213,779 | 2,860,255 | 1,171,882 | |||||||
Net investment income (loss) | 19,175,979 | 24,519,396 | 10,073,276 | ||||||
Net Realized and Unrealized Gain (Loss) on Affiliates | |||||||||
Net realized gain (loss) on: | |||||||||
Sale of investments in underlying funds | (583,426 | ) | (534,685 | ) | (447,144 | ) | |||
Capital gain distributions received from underlying funds | 24,383,725 | 32,614,543 | 13,528,319 | ||||||
23,800,299 | 32,079,858 | 13,081,175 | |||||||
Change in net unrealized appreciation (depreciation) on investments in underlying funds | 44,741,982 | 62,485,120 | 26,753,615 | ||||||
Net realized and unrealized gain (loss) on affiliates | 68,542,281 | 94,564,978 | 39,834,790 | ||||||
Net Increase (Decrease) in Net Assets Resulting from Operations | $ | 87,718,260 | $ | 119,084,374 | $ | 49,908,066 |
YEAR ENDED JULY 31, 2014 | |||
One Choice 2055 Portfolio | |||
Investment Income (Loss) | |||
Income from Affiliates: | |||
Income distributions from underlying funds | $ | 2,022,729 | |
Expenses: | |||
Administrative fees: | |||
Investor Class | 49,256 | ||
A Class | 45,901 | ||
C Class | 639 | ||
R Class | 20,967 | ||
Distribution and service fees: | |||
A Class | 57,376 | ||
C Class | 3,192 | ||
R Class | 52,418 | ||
Directors’ fees and expenses | 2,593 | ||
232,342 | |||
Net investment income (loss) | 1,790,387 | ||
Net Realized and Unrealized Gain (Loss) on Affiliates | |||
Net realized gain (loss) on: | |||
Sale of investments in underlying funds | (194,424 | ) | |
Capital gain distributions received from underlying funds | 2,388,192 | ||
2,193,768 | |||
Change in net unrealized appreciation (depreciation) on investments in underlying funds | 5,249,341 | ||
Net realized and unrealized gain (loss) on affiliates | 7,443,109 | ||
Net Increase (Decrease) in Net Assets Resulting from Operations | $ | 9,233,496 |
Statements of Changes in Net Assets |
YEARS ENDED JULY 31, 2014 AND JULY 31, 2013 | ||||||||||||
One Choice In Retirement Portfolio | One Choice 2015 Portfolio | |||||||||||
Increase (Decrease) in Net Assets | July 31, 2014 | July 31, 2013 | July 31, 2014 | July 31, 2013 | ||||||||
Operations | ||||||||||||
Net investment income (loss) | $ | 11,271,704 | $ | 7,374,397 | $ | 25,228,981 | $ | 18,034,112 | ||||
Net realized gain (loss) | 9,124,706 | 4,824,436 | 29,517,257 | 12,905,443 | ||||||||
Change in net unrealized appreciation (depreciation) | 22,567,777 | 27,408,423 | 42,723,180 | 70,416,811 | ||||||||
Net increase (decrease) in net assets resulting from operations | 42,964,187 | 39,607,256 | 97,469,418 | 101,356,366 | ||||||||
Distributions to Shareholders | ||||||||||||
From net investment income: | ||||||||||||
Investor Class | (4,974,928 | ) | (3,099,580 | ) | (11,864,962 | ) | (9,289,549 | ) | ||||
Institutional Class | (2,595,030 | ) | (1,989,971 | ) | (4,628,627 | ) | (3,341,324 | ) | ||||
A Class | (2,369,527 | ) | (1,650,115 | ) | (5,632,664 | ) | (4,369,628 | ) | ||||
C Class | (27,803 | ) | (8,534 | ) | (48,307 | ) | (29,334 | ) | ||||
R Class | (1,221,450 | ) | (653,313 | ) | (1,904,462 | ) | (1,437,662 | ) | ||||
From net realized gains: | ||||||||||||
Investor Class | (2,288,831 | ) | (1,725,796 | ) | (7,552,373 | ) | (3,680,481 | ) | ||||
Institutional Class | (1,087,473 | ) | (1,035,833 | ) | (2,680,690 | ) | (1,200,865 | ) | ||||
A Class | (1,247,654 | ) | (995,765 | ) | (4,092,483 | ) | (1,986,010 | ) | ||||
C Class | (20,733 | ) | (10,008 | ) | (60,926 | ) | (23,852 | ) | ||||
R Class | (721,985 | ) | (492,170 | ) | (1,610,907 | ) | (765,762 | ) | ||||
Decrease in net assets from distributions | (16,555,414 | ) | (11,661,085 | ) | (40,076,401 | ) | (26,124,467 | ) | ||||
Capital Share Transactions | ||||||||||||
Net increase (decrease) in net assets from capital share transactions (Note 5) | 111,785,577 | 115,335,129 | 75,497,092 | 185,205,306 | ||||||||
Net increase (decrease) in net assets | 138,194,350 | 143,281,300 | 132,890,109 | 260,437,205 | ||||||||
Net Assets | ||||||||||||
Beginning of period | 490,776,860 | 347,495,560 | 1,140,460,966 | 880,023,761 | ||||||||
End of period | $ | 628,971,210 | $ | 490,776,860 | $ | 1,273,351,075 | $ | 1,140,460,966 | ||||
Undistributed net investment income | — | $ | 190,595 | $ | 4,556,235 | $ | 5,579,393 |
YEARS ENDED JULY 31, 2014 AND JULY 31, 2013 | ||||||||||||
One Choice 2020 Portfolio | One Choice 2025 Portfolio | |||||||||||
Increase (Decrease) in Net Assets | July 31, 2014 | July 31, 2013 | July 31, 2014 | July 31, 2013 | ||||||||
Operations | ||||||||||||
Net investment income (loss) | $ | 24,914,074 | $ | 13,183,034 | $ | 42,845,053 | $ | 25,242,294 | ||||
Net realized gain (loss) | 20,528,706 | 8,146,091 | 42,795,699 | 17,868,187 | ||||||||
Change in net unrealized appreciation (depreciation) | 54,975,502 | 61,389,442 | 92,519,980 | 134,227,626 | ||||||||
Net increase (decrease) in net assets resulting from operations | 100,418,282 | 82,718,567 | 178,160,732 | 177,338,107 | ||||||||
Distributions to Shareholders | ||||||||||||
From net investment income: | ||||||||||||
Investor Class | (9,819,267 | ) | (5,192,741 | ) | (19,077,703 | ) | (11,938,501 | ) | ||||
Institutional Class | (5,571,254 | ) | (3,426,595 | ) | (8,115,728 | ) | (4,901,730 | ) | ||||
A Class | (5,275,285 | ) | (3,109,162 | ) | (9,556,205 | ) | (6,051,832 | ) | ||||
C Class | (78,383 | ) | (26,318 | ) | (72,908 | ) | (40,813 | ) | ||||
R Class | (1,788,806 | ) | (964,118 | ) | (3,061,379 | ) | (1,950,749 | ) | ||||
From net realized gains: | ||||||||||||
Investor Class | (3,573,259 | ) | (2,479,231 | ) | (8,772,450 | ) | (4,233,193 | ) | ||||
Institutional Class | (1,840,144 | ) | (1,474,446 | ) | (3,406,146 | ) | (1,568,185 | ) | ||||
A Class | (2,197,614 | ) | (1,719,772 | ) | (4,992,585 | ) | (2,480,785 | ) | ||||
C Class | (57,872 | ) | (27,759 | ) | (64,317 | ) | (31,460 | ) | ||||
R Class | (871,830 | ) | (633,751 | ) | (1,850,724 | ) | (947,538 | ) | ||||
Decrease in net assets from distributions | (31,073,714 | ) | (19,053,893 | ) | (58,970,145 | ) | (34,144,786 | ) | ||||
Capital Share Transactions | ||||||||||||
Net increase (decrease) in net assets from capital share transactions (Note 5) | 301,710,872 | 348,035,745 | 298,336,311 | 405,289,600 | ||||||||
Net increase (decrease) in net assets | 371,055,440 | 411,700,419 | 417,526,898 | 548,482,921 | ||||||||
Net Assets | ||||||||||||
Beginning of period | 973,992,980 | 562,292,561 | 1,744,755,735 | 1,196,272,814 | ||||||||
End of period | $ | 1,345,048,420 | $ | 973,992,980 | $ | 2,162,282,633 | $ | 1,744,755,735 | ||||
Undistributed net investment income | $ | 6,731,904 | $ | 4,447,250 | $ | 10,452,379 | $ | 7,982,585 |
YEARS ENDED JULY 31, 2014 AND JULY 31, 2013 | ||||||||||||
One Choice 2030 Portfolio | One Choice 2035 Portfolio | |||||||||||
Increase (Decrease) in Net Assets | July 31, 2014 | July 31, 2013 | July 31, 2014 | July 31, 2013 | ||||||||
Operations | ||||||||||||
Net investment income (loss) | $ | 25,257,541 | $ | 11,198,502 | $ | 34,247,740 | $ | 16,496,243 | ||||
Net realized gain (loss) | 26,549,841 | 8,255,947 | 41,724,936 | 13,970,044 | ||||||||
Change in net unrealized appreciation (depreciation) | 56,111,490 | 74,524,209 | 77,422,009 | 130,181,079 | ||||||||
Net increase (decrease) in net assets resulting from operations | 107,918,872 | 93,978,658 | 153,394,685 | 160,647,366 | ||||||||
Distributions to Shareholders | ||||||||||||
From net investment income: | ||||||||||||
Investor Class | (9,330,847 | ) | (3,947,509 | ) | (14,670,259 | ) | (7,251,291 | ) | ||||
Institutional Class | (5,817,356 | ) | (2,876,603 | ) | (6,523,160 | ) | (3,384,856 | ) | ||||
A Class | (5,667,872 | ) | (2,719,375 | ) | (7,837,370 | ) | (3,840,071 | ) | ||||
C Class | (42,914 | ) | (15,058 | ) | (46,280 | ) | (15,225 | ) | ||||
R Class | (1,893,572 | ) | (951,818 | ) | (2,755,398 | ) | (1,346,130 | ) | ||||
From net realized gains: | ||||||||||||
Investor Class | (3,426,979 | ) | (1,975,916 | ) | (6,508,455 | ) | (3,542,839 | ) | ||||
Institutional Class | (1,946,819 | ) | (1,286,938 | ) | (2,649,867 | ) | (1,475,970 | ) | ||||
A Class | (2,370,992 | ) | (1,599,427 | ) | (3,929,247 | ) | (2,207,333 | ) | ||||
C Class | (30,719 | ) | (18,623 | ) | (38,067 | ) | (18,642 | ) | ||||
R Class | (919,508 | ) | (678,597 | ) | (1,587,929 | ) | (940,223 | ) | ||||
Decrease in net assets from distributions | (31,447,578 | ) | (16,069,864 | ) | (46,546,032 | ) | (24,022,580 | ) | ||||
Capital Share Transactions | ||||||||||||
Net increase (decrease) in net assets from capital share transactions (Note 5) | 343,921,171 | 323,289,308 | 273,030,474 | 319,740,799 | ||||||||
Net increase (decrease) in net assets | 420,392,465 | 401,198,102 | 379,879,127 | 456,365,585 | ||||||||
Net Assets | ||||||||||||
Beginning of period | 907,602,900 | 506,404,798 | 1,311,022,818 | 854,657,233 | ||||||||
End of period | $ | 1,327,995,365 | $ | 907,602,900 | $ | 1,690,901,945 | $ | 1,311,022,818 | ||||
Undistributed net investment income | $ | 6,134,571 | $ | 3,691,430 | $ | 7,420,515 | $ | 5,005,242 |
YEARS ENDED JULY 31, 2014 AND JULY 31, 2013 | ||||||||||||
One Choice 2040 Portfolio | One Choice 2045 Portfolio | |||||||||||
Increase (Decrease) in Net Assets | July 31, 2014 | July 31, 2013 | July 31, 2014 | July 31, 2013 | ||||||||
Operations | ||||||||||||
Net investment income (loss) | $ | 19,175,979 | $ | 7,214,677 | $ | 24,519,396 | $ | 10,650,297 | ||||
Net realized gain (loss) | 23,800,299 | 5,960,738 | 32,079,858 | 9,716,255 | ||||||||
Change in net unrealized appreciation (depreciation) | 44,741,982 | 64,517,805 | 62,485,120 | 101,630,509 | ||||||||
Net increase (decrease) in net assets resulting from operations | 87,718,260 | 77,693,220 | 119,084,374 | 121,997,061 | ||||||||
Distributions to Shareholders | ||||||||||||
From net investment income: | ||||||||||||
Investor Class | (7,497,230 | ) | (2,367,781 | ) | (10,137,498 | ) | (4,114,710 | ) | ||||
Institutional Class | (4,691,093 | ) | (2,042,725 | ) | (5,633,312 | ) | (2,639,178 | ) | ||||
A Class | (4,005,418 | ) | (1,534,267 | ) | (5,408,579 | ) | (2,255,071 | ) | ||||
C Class | (32,701 | ) | (6,481 | ) | (18,397 | ) | (5,979 | ) | ||||
R Class | (1,266,851 | ) | (453,379 | ) | (1,836,633 | ) | (771,653 | ) | ||||
From net realized gains: | ||||||||||||
Investor Class | (2,650,070 | ) | (1,215,141 | ) | (4,326,674 | ) | (1,865,928 | ) | ||||
Institutional Class | (1,518,621 | ) | (925,592 | ) | (2,208,806 | ) | (1,061,612 | ) | ||||
A Class | (1,599,221 | ) | (944,512 | ) | (2,594,509 | ) | (1,215,722 | ) | ||||
C Class | (21,371 | ) | (9,941 | ) | (14,063 | ) | (7,436 | ) | ||||
R Class | (581,086 | ) | (348,689 | ) | (1,006,054 | ) | (512,841 | ) | ||||
Decrease in net assets from distributions | (23,863,662 | ) | (9,848,508 | ) | (33,184,525 | ) | (14,450,130 | ) | ||||
Capital Share Transactions | ||||||||||||
Net increase (decrease) in net assets from capital share transactions (Note 5) | 266,700,967 | 241,056,994 | 246,605,584 | 219,097,607 | ||||||||
Net increase (decrease) in net assets | 330,555,565 | 308,901,706 | 332,505,433 | 326,644,538 | ||||||||
Net Assets | ||||||||||||
Beginning of period | 633,947,960 | 325,046,254 | 876,076,994 | 549,432,456 | ||||||||
End of period | $ | 964,503,525 | $ | 633,947,960 | $ | 1,208,582,427 | $ | 876,076,994 | ||||
Undistributed net investment income | $ | 3,987,565 | $ | 2,304,879 | $ | 4,615,117 | $ | 3,130,140 |
YEARS ENDED JULY 31, 2014 AND JULY 31, 2013 | ||||||||||||
One Choice 2050 Portfolio | One Choice 2055 Portfolio | |||||||||||
Increase (Decrease) in Net Assets | July 31, 2014 | July 31, 2013 | July 31, 2014 | July 31, 2013 | ||||||||
Operations | ||||||||||||
Net investment income (loss) | $ | 10,073,276 | $ | 3,620,127 | $ | 1,790,387 | $ | 342,930 | ||||
Net realized gain (loss) | 13,081,175 | 3,217,165 | 2,193,768 | 288,977 | ||||||||
Change in net unrealized appreciation (depreciation) | 26,753,615 | 37,345,827 | 5,249,341 | 4,205,515 | ||||||||
Net increase (decrease) in net assets resulting from operations | 49,908,066 | 44,183,119 | 9,233,496 | 4,837,422 | ||||||||
Distributions to Shareholders | ||||||||||||
From net investment income: | ||||||||||||
Investor Class | (3,796,951 | ) | (987,428 | ) | (527,130 | ) | (82,911 | ) | ||||
Institutional Class | (2,661,091 | ) | (1,159,504 | ) | (459,579 | ) | (82,101 | ) | ||||
A Class | (2,176,551 | ) | (738,212 | ) | (404,300 | ) | (68,247 | ) | ||||
C Class | (28,338 | ) | (5,144 | ) | (3,431 | ) | (394 | ) | ||||
R Class | (687,986 | ) | (197,591 | ) | (162,114 | ) | (17,415 | ) | ||||
From net realized gains: | ||||||||||||
Investor Class | (1,370,673 | ) | (524,327 | ) | (107,031 | ) | (15,397 | ) | ||||
Institutional Class | (881,545 | ) | (539,850 | ) | (85,305 | ) | (13,250 | ) | ||||
A Class | (885,230 | ) | (475,028 | ) | (93,019 | ) | (15,618 | ) | ||||
C Class | (18,564 | ) | (9,121 | ) | (1,313 | ) | (296 | ) | ||||
R Class | (320,242 | ) | (161,483 | ) | (43,026 | ) | (5,185 | ) | ||||
Decrease in net assets from distributions | (12,827,171 | ) | (4,797,688 | ) | (1,886,248 | ) | (300,814 | ) | ||||
Capital Share Transactions | ||||||||||||
Net increase (decrease) in net assets from capital share transactions (Note 5) | 157,882,377 | 128,200,280 | 68,124,691 | 30,402,144 | ||||||||
Net increase (decrease) in net assets | 194,963,272 | 167,585,711 | 75,471,939 | 34,938,752 | ||||||||
Net Assets | ||||||||||||
Beginning of period | 336,957,624 | 169,371,913 | 47,246,213 | 12,307,461 | ||||||||
End of period | $ | 531,920,896 | $ | 336,957,624 | $ | 122,718,152 | $ | 47,246,213 | ||||
Undistributed net investment income | $ | 1,852,526 | $ | 1,130,167 | $ | 362,203 | $ | 128,370 |
Notes to Financial Statements |
One Choice In Retirement Portfolio | One Choice 2015 Portfolio | One Choice 2020 Portfolio | One Choice 2025 Portfolio | One Choice 2030 Portfolio | |||||||||||
Purchases | $ | 205,773,665 | $ | 268,550,892 | $ | 435,355,270 | $ | 474,044,508 | $ | 431,602,938 | |||||
Sales | $ | 89,132,029 | $ | 184,705,227 | $ | 115,354,268 | $ | 146,546,570 | $ | 65,007,028 |
One Choice 2035 Portfolio | One Choice 2040 Portfolio | One Choice 2045 Portfolio | One Choice 2050 Portfolio | One Choice 2055 Portfolio | |||||||||||
Purchases | $ | 375,003,666 | $ | 315,855,582 | $ | 312,806,897 | $ | 187,464,768 | $ | 76,789,762 | |||||
Sales | $ | 72,354,620 | $ | 29,451,032 | $ | 42,256,801 | $ | 18,803,795 | $ | 6,372,937 |
Year ended July 31, 2014 | Year ended July 31, 2013 | |||||||||
Shares | Amount | Shares | Amount | |||||||
One Choice In Retirement Portfolio | ||||||||||
Investor Class | ||||||||||
Sold | 9,344,734 | $ | 118,858,225 | 9,104,979 | $ | 109,509,113 | ||||
Issued in reinvestment of distributions | 565,559 | 7,164,226 | 402,927 | 4,752,126 | ||||||
Redeemed | (6,871,661 | ) | (87,661,948 | ) | (4,016,227 | ) | (48,370,149 | ) | ||
3,038,632 | 38,360,503 | 5,491,679 | 65,891,090 | |||||||
Institutional Class | ||||||||||
Sold | 4,962,217 | 63,382,965 | 4,006,712 | 48,127,535 | ||||||
Issued in reinvestment of distributions | 284,671 | 3,607,197 | 251,091 | 2,961,385 | ||||||
Redeemed | (3,631,594 | ) | (46,185,156 | ) | (2,299,547 | ) | (27,726,781 | ) | ||
1,615,294 | 20,805,006 | 1,958,256 | 23,362,139 | |||||||
A Class | ||||||||||
Sold | 5,457,025 | 69,464,024 | 5,632,291 | 67,793,197 | ||||||
Issued in reinvestment of distributions | 261,841 | 3,314,578 | 201,785 | 2,377,257 | ||||||
Redeemed | (4,599,854 | ) | (58,418,609 | ) | (5,262,131 | ) | (63,039,073 | ) | ||
1,119,012 | 14,359,993 | 571,945 | 7,131,381 | |||||||
C Class | ||||||||||
Sold | 128,031 | 1,619,511 | 42,885 | 520,670 | ||||||
Issued in reinvestment of distributions | 3,835 | 48,536 | 1,549 | 18,127 | ||||||
Redeemed | (44,116 | ) | (558,381 | ) | (3,873 | ) | (46,207 | ) | ||
87,750 | 1,109,666 | 40,561 | 492,590 | |||||||
R Class | ||||||||||
Sold | 4,619,094 | 58,836,138 | 2,901,444 | 34,900,267 | ||||||
Issued in reinvestment of distributions | 149,406 | 1,890,232 | 94,626 | 1,111,131 | ||||||
Redeemed | (1,853,280 | ) | (23,575,961 | ) | (1,457,432 | ) | (17,553,469 | ) | ||
2,915,220 | 37,150,409 | 1,538,638 | 18,457,929 | |||||||
Net increase (decrease) | 8,775,908 | $ | 111,785,577 | 9,601,079 | $ | 115,335,129 |
Year ended July 31, 2014 | Year ended July 31, 2013 | |||||||||
Shares | Amount | Shares | Amount | |||||||
One Choice 2015 Portfolio | ||||||||||
Investor Class | ||||||||||
Sold | 11,555,601 | $ | 155,702,006 | 15,322,335 | $ | 194,889,612 | ||||
Issued in reinvestment of distributions | 1,441,377 | 19,184,736 | 1,036,518 | 12,728,497 | ||||||
Redeemed | (10,894,289 | ) | (147,214,612 | ) | (9,751,193 | ) | (124,494,749 | ) | ||
2,102,689 | 27,672,130 | 6,607,660 | 83,123,360 | |||||||
Institutional Class | ||||||||||
Sold | 7,306,344 | 98,597,454 | 6,388,534 | 81,394,033 | ||||||
Issued in reinvestment of distributions | 536,263 | 7,143,021 | 360,857 | 4,431,323 | ||||||
Redeemed | (4,787,681 | ) | (64,602,022 | ) | (3,084,274 | ) | (39,390,870 | ) | ||
3,054,926 | 41,138,453 | 3,665,117 | 46,434,486 | |||||||
A Class | ||||||||||
Sold | 7,692,536 | 103,742,196 | 9,725,821 | 123,392,375 | ||||||
Issued in reinvestment of distributions | 660,903 | 8,796,617 | 453,814 | 5,572,833 | ||||||
Redeemed | (8,451,016 | ) | (114,129,187 | ) | (7,541,660 | ) | (95,732,604 | ) | ||
(97,577 | ) | (1,590,374 | ) | 2,637,975 | 33,232,604 | |||||
C Class | ||||||||||
Sold | 104,821 | 1,408,696 | 237,757 | 3,012,748 | ||||||
Issued in reinvestment of distributions | 7,468 | 99,618 | 3,789 | 46,602 | ||||||
Redeemed | (70,911 | ) | (947,121 | ) | (110,740 | ) | (1,402,508 | ) | ||
41,378 | 561,193 | 130,806 | 1,656,842 | |||||||
R Class | ||||||||||
Sold | 3,670,256 | 49,243,647 | 4,686,538 | 59,353,954 | ||||||
Issued in reinvestment of distributions | 248,017 | 3,301,112 | 169,289 | 2,078,871 | ||||||
Redeemed | (3,329,884 | ) | (44,829,069 | ) | (3,196,908 | ) | (40,674,811 | ) | ||
588,389 | 7,715,690 | 1,658,919 | 20,758,014 | |||||||
Net increase (decrease) | 5,689,805 | $ | 75,497,092 | 14,700,477 | $ | 185,205,306 |
Year ended July 31, 2014 | Year ended July 31, 2013 | |||||||||
Shares | Amount | Shares | Amount | |||||||
One Choice 2020 Portfolio | ||||||||||
Investor Class | ||||||||||
Sold | 21,043,779 | $ | 249,994,003 | 17,574,504 | $ | 195,282,525 | ||||
Issued in reinvestment of distributions | 1,134,503 | 13,375,788 | 715,865 | 7,659,751 | ||||||
Redeemed | (10,595,751 | ) | (127,015,531 | ) | (5,590,859 | ) | (62,630,333 | ) | ||
11,582,531 | 136,354,260 | 12,699,510 | 140,311,943 | |||||||
Institutional Class | ||||||||||
Sold | 12,653,625 | 151,264,000 | 11,495,580 | 127,961,001 | ||||||
Issued in reinvestment of distributions | 628,617 | 7,411,398 | 458,041 | 4,901,041 | ||||||
Redeemed | (6,267,991 | ) | (74,770,003 | ) | (3,050,956 | ) | (34,121,293 | ) | ||
7,014,251 | 83,905,395 | 8,902,665 | 98,740,749 | |||||||
A Class | ||||||||||
Sold | 9,817,108 | 116,375,892 | 12,392,613 | 137,405,595 | ||||||
Issued in reinvestment of distributions | 604,367 | 7,125,492 | 422,453 | 4,516,026 | ||||||
Redeemed | (6,509,238 | ) | (77,630,489 | ) | (6,406,289 | ) | (70,755,348 | ) | ||
3,912,237 | 45,870,895 | 6,408,777 | 71,166,273 | |||||||
C Class | ||||||||||
Sold | 478,240 | 5,663,540 | 379,741 | 4,240,608 | ||||||
Issued in reinvestment of distributions | 11,419 | 134,968 | 4,935 | 52,903 | ||||||
Redeemed | (141,207 | ) | (1,657,561 | ) | (70,974 | ) | (792,031 | ) | ||
348,452 | 4,140,947 | 313,702 | 3,501,480 | |||||||
R Class | ||||||||||
Sold | 5,622,646 | 66,724,197 | 5,327,703 | 59,083,880 | ||||||
Issued in reinvestment of distributions | 218,800 | 2,579,646 | 142,703 | 1,526,922 | ||||||
Redeemed | (3,193,423 | ) | (37,864,468 | ) | (2,368,069 | ) | (26,295,502 | ) | ||
2,648,023 | 31,439,375 | 3,102,337 | 34,315,300 | |||||||
Net increase (decrease) | 25,505,494 | $ | 301,710,872 | 31,426,991 | $ | 348,035,745 |
Year ended July 31, 2014 | Year ended July 31, 2013 | |||||||||
Shares | Amount | Shares | Amount | |||||||
One Choice 2025 Portfolio | ||||||||||
Investor Class | ||||||||||
Sold | 19,149,017 | $ | 270,574,750 | 21,905,715 | $ | 286,727,700 | ||||
Issued in reinvestment of distributions | 1,963,505 | 27,489,062 | 1,263,062 | 15,889,240 | ||||||
Redeemed | (11,905,716 | ) | (168,899,498 | ) | (8,758,373 | ) | (115,212,720 | ) | ||
9,206,806 | 129,164,314 | 14,410,404 | 187,404,220 | |||||||
Institutional Class | ||||||||||
Sold | 12,189,454 | 172,967,274 | 10,084,144 | 131,596,068 | ||||||
Issued in reinvestment of distributions | 804,901 | 11,260,566 | 502,576 | 6,317,375 | ||||||
Redeemed | (5,602,048 | ) | (79,677,701 | ) | (3,443,704 | ) | (45,308,666 | ) | ||
7,392,307 | 104,550,139 | 7,143,016 | 92,604,777 | |||||||
A Class | ||||||||||
Sold | 11,840,877 | 167,296,312 | 14,889,032 | 194,367,220 | ||||||
Issued in reinvestment of distributions | 951,631 | 13,322,832 | 606,008 | 7,623,588 | ||||||
Redeemed | (10,101,771 | ) | (142,980,875 | ) | (8,180,957 | ) | (107,134,483 | ) | ||
2,690,737 | 37,638,269 | 7,314,083 | 94,856,325 | |||||||
C Class | ||||||||||
Sold | 110,203 | 1,557,112 | 231,924 | 3,020,371 | ||||||
Issued in reinvestment of distributions | 9,756 | 136,882 | 5,688 | 71,730 | ||||||
Redeemed | (79,808 | ) | (1,136,207 | ) | (67,347 | ) | (874,444 | ) | ||
40,151 | 557,787 | 170,265 | 2,217,657 | |||||||
R Class | ||||||||||
Sold | 5,637,303 | 79,620,796 | 5,671,348 | 74,035,499 | ||||||
Issued in reinvestment of distributions | 327,815 | 4,589,412 | 214,976 | 2,704,400 | ||||||
Redeemed | (4,099,280 | ) | (57,784,406 | ) | (3,716,508 | ) | (48,533,278 | ) | ||
1,865,838 | 26,425,802 | 2,169,816 | 28,206,621 | |||||||
Net increase (decrease) | 21,195,839 | $ | 298,336,311 | 31,207,584 | $ | 405,289,600 |
Year ended July 31, 2014 | Year ended July 31, 2013 | |||||||||
Shares | Amount | Shares | Amount | |||||||
One Choice 2030 Portfolio | ||||||||||
Investor Class | ||||||||||
Sold | 20,426,845 | $ | 245,871,448 | 15,827,973 | $ | 174,401,934 | ||||
Issued in reinvestment of distributions | 1,066,114 | 12,740,058 | 561,198 | 5,909,411 | ||||||
Redeemed | (8,995,021 | ) | (109,551,889 | ) | (4,119,025 | ) | (45,821,607 | ) | ||
12,497,938 | 149,059,617 | 12,270,146 | 134,489,738 | |||||||
Institutional Class | ||||||||||
Sold | 12,448,367 | 150,487,344 | 10,414,918 | 114,569,213 | ||||||
Issued in reinvestment of distributions | 649,722 | 7,764,175 | 395,398 | 4,163,541 | ||||||
Redeemed | (4,749,313 | ) | (57,207,774 | ) | (2,437,496 | ) | (27,035,315 | ) | ||
8,348,776 | 101,043,745 | 8,372,820 | 91,697,439 | |||||||
A Class | ||||||||||
Sold | 11,037,047 | 132,555,936 | 12,761,092 | 139,840,717 | ||||||
Issued in reinvestment of distributions | 638,448 | 7,623,066 | 388,007 | 4,081,835 | ||||||
Redeemed | (5,832,605 | ) | (70,195,184 | ) | (6,726,595 | ) | (73,434,908 | ) | ||
5,842,890 | 69,983,818 | 6,422,504 | 70,487,644 | |||||||
C Class | ||||||||||
Sold | 147,541 | 1,775,111 | 163,316 | 1,803,792 | ||||||
Issued in reinvestment of distributions | 6,091 | 72,962 | 3,084 | 32,568 | ||||||
Redeemed | (89,873 | ) | (1,082,908 | ) | (24,919 | ) | (273,173 | ) | ||
63,759 | 765,165 | 141,481 | 1,563,187 | |||||||
R Class | ||||||||||
Sold | 5,417,624 | 65,180,130 | 4,728,567 | 51,824,638 | ||||||
Issued in reinvestment of distributions | 227,857 | 2,722,894 | 148,104 | 1,559,529 | ||||||
Redeemed | (3,748,744 | ) | (44,834,198 | ) | (2,581,244 | ) | (28,332,867 | ) | ||
1,896,737 | 23,068,826 | 2,295,427 | 25,051,300 | |||||||
Net increase (decrease) | 28,650,100 | $ | 343,921,171 | 29,502,378 | $ | 323,289,308 |
Year ended July 31, 2014 | Year ended July 31, 2013 | |||||||||
Shares | Amount | Shares | Amount | |||||||
One Choice 2035 Portfolio | ||||||||||
Investor Class | ||||||||||
Sold | 15,419,113 | $ | 232,617,825 | 15,566,058 | $ | 212,886,566 | ||||
Issued in reinvestment of distributions | 1,399,130 | 20,958,959 | 818,633 | 10,650,420 | ||||||
Redeemed | (7,817,703 | ) | (118,549,367 | ) | (6,155,975 | ) | (84,525,108 | ) | ||
9,000,540 | 135,027,417 | 10,228,716 | 139,011,878 | |||||||
Institutional Class | ||||||||||
Sold | 8,121,478 | 122,982,998 | 7,425,796 | 101,284,900 | ||||||
Issued in reinvestment of distributions | 584,736 | 8,765,198 | 354,611 | 4,613,488 | ||||||
Redeemed | (4,217,689 | ) | (64,009,875 | ) | (2,358,336 | ) | (32,419,009 | ) | ||
4,488,525 | 67,738,321 | 5,422,071 | 73,479,379 | |||||||
A Class | ||||||||||
Sold | 9,699,553 | 146,439,953 | 10,699,576 | 145,683,369 | ||||||
Issued in reinvestment of distributions | 724,693 | 10,855,896 | 419,559 | 5,458,461 | ||||||
Redeemed | (7,722,319 | ) | (116,439,152 | ) | (5,238,011 | ) | (71,270,665 | ) | ||
2,701,927 | 40,856,697 | 5,881,124 | 79,871,165 | |||||||
C Class | ||||||||||
Sold | 82,321 | 1,235,451 | 154,242 | 2,080,840 | ||||||
Issued in reinvestment of distributions | 5,614 | 84,263 | 2,597 | 33,832 | ||||||
Redeemed | (39,674 | ) | (599,902 | ) | (19,292 | ) | (265,520 | ) | ||
48,261 | 719,812 | 137,547 | 1,849,152 | |||||||
R Class | ||||||||||
Sold | 4,642,119 | 69,941,532 | 4,406,484 | 59,941,209 | ||||||
Issued in reinvestment of distributions | 271,934 | 4,076,289 | 165,122 | 2,148,238 | ||||||
Redeemed | (3,007,224 | ) | (45,329,594 | ) | (2,689,127 | ) | (36,560,222 | ) | ||
1,906,829 | 28,688,227 | 1,882,479 | 25,529,225 | |||||||
Net increase (decrease) | 18,146,082 | $ | 273,030,474 | 23,551,937 | $ | 319,740,799 |
Year ended July 31, 2014 | Year ended July 31, 2013 | |||||||||
Shares | Amount | Shares | Amount | |||||||
One Choice 2040 Portfolio | ||||||||||
Investor Class | ||||||||||
Sold | 16,128,053 | $ | 199,593,668 | 11,673,243 | $ | 129,271,529 | ||||
Issued in reinvestment of distributions | 822,511 | 10,141,566 | 340,253 | 3,579,466 | ||||||
Redeemed | (6,192,967 | ) | (77,605,817 | ) | (2,679,655 | ) | (30,048,104 | ) | ||
10,757,597 | 132,129,417 | 9,333,841 | 102,802,891 | |||||||
Institutional Class | ||||||||||
Sold | 8,529,888 | 106,206,558 | 8,092,206 | 89,366,596 | ||||||
Issued in reinvestment of distributions | 503,626 | 6,209,714 | 282,159 | 2,968,317 | ||||||
Redeemed | (3,291,797 | ) | (40,954,069 | ) | (1,963,315 | ) | (22,106,041 | ) | ||
5,741,717 | 71,462,203 | 6,411,050 | 70,228,872 | |||||||
A Class | ||||||||||
Sold | 6,395,153 | 79,076,614 | 8,111,665 | 89,513,559 | ||||||
Issued in reinvestment of distributions | 428,583 | 5,284,424 | 221,993 | 2,335,369 | ||||||
Redeemed | (3,704,038 | ) | (46,020,542 | ) | (4,215,706 | ) | (46,186,634 | ) | ||
3,119,698 | 38,340,496 | 4,117,952 | 45,662,294 | |||||||
C Class | ||||||||||
Sold | 104,517 | 1,268,123 | 129,859 | 1,422,687 | ||||||
Issued in reinvestment of distributions | 4,337 | 53,557 | 1,536 | 16,193 | ||||||
Redeemed | (52,725 | ) | (657,995 | ) | (12,412 | ) | (138,841 | ) | ||
56,129 | 663,685 | 118,983 | 1,300,039 | |||||||
R Class | ||||||||||
Sold | 3,939,129 | 49,045,510 | 3,177,705 | 35,123,744 | ||||||
Issued in reinvestment of distributions | 143,522 | 1,769,619 | 73,570 | 773,949 | ||||||
Redeemed | (2,164,678 | ) | (26,709,963 | ) | (1,337,393 | ) | (14,834,795 | ) | ||
1,917,973 | 24,105,166 | 1,913,882 | 21,062,898 | |||||||
Net increase (decrease) | 21,593,114 | $ | 266,700,967 | 21,895,708 | $ | 241,056,994 |
Year ended July 31, 2014 | Year ended July 31, 2013 | |||||||||
Shares | Amount | Shares | Amount | |||||||
One Choice 2045 Portfolio | ||||||||||
Investor Class | ||||||||||
Sold | 12,757,406 | $ | 199,150,063 | 9,865,621 | $ | 136,859,572 | ||||
Issued in reinvestment of distributions | 920,996 | 14,293,859 | 447,874 | 5,876,112 | ||||||
Redeemed | (5,199,876 | ) | (81,631,937 | ) | (3,813,871 | ) | (53,371,988 | ) | ||
8,478,526 | 131,811,985 | 6,499,624 | 89,363,696 | |||||||
Institutional Class | ||||||||||
Sold | 6,832,555 | 107,208,682 | 5,830,139 | 80,927,927 | ||||||
Issued in reinvestment of distributions | 493,000 | 7,651,352 | 275,262 | 3,614,185 | ||||||
Redeemed | (3,130,252 | ) | (49,271,979 | ) | (2,039,715 | ) | (28,820,490 | ) | ||
4,195,303 | 65,588,055 | 4,065,686 | 55,721,622 | |||||||
A Class | ||||||||||
Sold | 6,789,524 | 106,051,418 | 7,207,169 | 99,695,460 | ||||||
Issued in reinvestment of distributions | 477,700 | 7,409,128 | 243,458 | 3,194,164 | ||||||
Redeemed | (5,261,700 | ) | (82,176,375 | ) | (3,419,440 | ) | (47,314,139 | ) | ||
2,005,524 | 31,284,171 | 4,031,187 | 55,575,485 | |||||||
C Class | ||||||||||
Sold | 54,678 | 854,187 | 57,351 | 788,393 | ||||||
Issued in reinvestment of distributions | 2,058 | 31,996 | 1,005 | 13,216 | ||||||
Redeemed | (15,472 | ) | (239,838 | ) | (25,755 | ) | (356,111 | ) | ||
41,264 | 646,345 | 32,601 | 445,498 | |||||||
R Class | ||||||||||
Sold | 3,021,482 | 47,239,450 | 2,800,637 | 38,731,448 | ||||||
Issued in reinvestment of distributions | 175,396 | 2,722,141 | 93,228 | 1,224,088 | ||||||
Redeemed | (2,106,163 | ) | (32,686,563 | ) | (1,583,628 | ) | (21,964,230 | ) | ||
1,090,715 | 17,275,028 | 1,310,237 | 17,991,306 | |||||||
Net increase (decrease) | 15,811,332 | $ | 246,605,584 | 15,939,335 | $ | 219,097,607 |
Year ended July 31, 2014 | Year ended July 31, 2013 | |||||||||
Shares | Amount | Shares | Amount | |||||||
One Choice 2050 Portfolio | ||||||||||
Investor Class | ||||||||||
Sold | 9,404,702 | $ | 116,239,147 | 6,049,436 | $ | 66,148,608 | ||||
Issued in reinvestment of distributions | 420,182 | 5,164,040 | 146,269 | 1,509,492 | ||||||
Redeemed | (2,943,037 | ) | (36,769,630 | ) | (1,173,785 | ) | (12,929,650 | ) | ||
6,881,847 | 84,633,557 | 5,021,920 | 54,728,450 | |||||||
Institutional Class | ||||||||||
Sold | 4,866,275 | 60,431,530 | 4,643,778 | 50,574,652 | ||||||
Issued in reinvestment of distributions | 288,019 | 3,542,636 | 164,666 | 1,699,354 | ||||||
Redeemed | (2,710,942 | ) | (33,404,590 | ) | (1,594,792 | ) | (17,804,713 | ) | ||
2,443,352 | 30,569,576 | 3,213,652 | 34,469,293 | |||||||
A Class | ||||||||||
Sold | 4,631,989 | 57,192,282 | 4,242,585 | 46,157,215 | ||||||
Issued in reinvestment of distributions | 240,168 | 2,951,668 | 114,358 | 1,180,176 | ||||||
Redeemed | (2,347,231 | ) | (29,010,901 | ) | (2,087,647 | ) | (22,595,813 | ) | ||
2,524,926 | 31,133,049 | 2,269,296 | 24,741,578 | |||||||
C Class | ||||||||||
Sold | 62,496 | 752,682 | 129,920 | 1,411,412 | ||||||
Issued in reinvestment of distributions | 3,754 | 46,249 | 1,356 | 14,016 | ||||||
Redeemed | (60,393 | ) | (743,139 | ) | (35,017 | ) | (388,636 | ) | ||
5,857 | 55,792 | 96,259 | 1,036,792 | |||||||
R Class | ||||||||||
Sold | 2,018,802 | 24,925,113 | 1,771,563 | 19,322,122 | ||||||
Issued in reinvestment of distributions | 79,614 | 978,460 | 33,465 | 345,363 | ||||||
Redeemed | (1,171,991 | ) | (14,413,170 | ) | (588,663 | ) | (6,443,318 | ) | ||
926,425 | 11,490,403 | 1,216,365 | 13,224,167 | |||||||
Net increase (decrease) | 12,782,407 | $ | 157,882,377 | 11,817,492 | $ | 128,200,280 |
Year ended July 31, 2014 | Year ended July 31, 2013 | |||||||||
Shares | Amount | Shares | Amount | |||||||
One Choice 2055 Portfolio | ||||||||||
Investor Class | ||||||||||
Sold | 2,022,537 | $ | 25,759,894 | 1,329,932 | $ | 14,885,809 | ||||
Issued in reinvestment of distributions | 50,208 | 634,132 | 9,360 | 98,281 | ||||||
Redeemed | (793,062 | ) | (10,112,243 | ) | (479,801 | ) | (5,422,948 | ) | ||
1,279,683 | 16,281,783 | 859,491 | 9,561,142 | |||||||
Institutional Class | ||||||||||
Sold | 2,980,841 | 38,058,501 | 690,555 | 7,705,028 | ||||||
Issued in reinvestment of distributions | 43,142 | 544,884 | 9,081 | 95,351 | ||||||
Redeemed | (671,823 | ) | (8,635,793 | ) | (175,954 | ) | (1,943,140 | ) | ||
2,352,160 | 29,967,592 | 523,682 | 5,857,239 | |||||||
A Class | ||||||||||
Sold | 1,570,011 | 19,921,268 | 1,082,184 | 12,072,068 | ||||||
Issued in reinvestment of distributions | 38,909 | 491,428 | 7,862 | 82,547 | ||||||
Redeemed | (377,223 | ) | (4,797,626 | ) | (231,729 | ) | (2,574,278 | ) | ||
1,231,697 | 15,615,070 | 858,317 | 9,580,337 | |||||||
C Class | ||||||||||
Sold | 18,650 | 236,856 | 12,693 | 143,571 | ||||||
Issued in reinvestment of distributions | 376 | 4,744 | 65 | 683 | ||||||
Redeemed | (4,431 | ) | (56,507 | ) | (3,412 | ) | (39,903 | ) | ||
14,595 | 185,093 | 9,346 | 104,351 | |||||||
R Class | ||||||||||
Sold | 732,757 | 9,301,944 | 556,067 | 6,227,902 | ||||||
Issued in reinvestment of distributions | 16,044 | 202,791 | 2,149 | 22,562 | ||||||
Redeemed | (269,107 | ) | (3,429,582 | ) | (84,792 | ) | (951,389 | ) | ||
479,694 | 6,075,153 | 473,424 | 5,299,075 | |||||||
Net increase (decrease) | 5,357,829 | $ | 68,124,691 | 2,724,260 | $ | 30,402,144 |
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 | $ | 14,944,428 | $ | 3,234,876 | $ | 1,222,456 | $ | 40,934 | $ | 1,051,891 | $ | 18,748,506 | ||||||
NT Equity Growth Fund | 49,297,798 | 17,048,678 | 7,585,912 | 43,292 | 5,621,440 | 61,996,124 | ||||||||||||
NT Growth Fund | 31,873,165 | 8,497,836 | 3,952,614 | 100,344 | 1,573,356 | 40,407,511 | ||||||||||||
NT Heritage Fund(3) | 12,508,155 | 4,756,825 | 1,550,430 | 9,807 | 1,464,643 | 15,558,098 | ||||||||||||
NT Large Company Value Fund | 53,907,490 | 16,032,551 | 7,486,948 | 43,256 | 2,637,745 | 68,182,408 | ||||||||||||
NT Mid Cap Value Fund | 19,675,632 | 6,373,015 | 2,630,940 | (9,618 | ) | 1,931,361 | 24,995,101 | |||||||||||
NT Small Company Fund | 10,036,211 | 4,147,039 | 1,499,761 | 41,626 | 1,340,452 | 12,384,609 | ||||||||||||
Real Estate Fund | 4,714,870 | 1,638,303 | 670,113 | 4,747 | 117,213 | 6,333,427 | ||||||||||||
High-Yield Fund | 18,494,686 | 6,466,070 | 680,835 | (13,348 | ) | 1,438,959 | 24,038,749 | |||||||||||
Inflation-Adjusted Bond Fund | 37,215,811 | 6,595,339 | 34,306,406 | (510,477 | ) | 411,609 | 9,514,071 | |||||||||||
NT Diversified Bond Fund | 130,456,430 | 52,730,061 | 17,602,325 | (660,703 | ) | 3,405,612 | 168,937,152 | |||||||||||
Short Duration Inflation Protection Bond Fund | — | 39,613,239 | 807,127 | (2,982 | ) | 240,104 | 38,843,486 | |||||||||||
Premium Money Market Fund | 48,837,927 | 17,619,526 | 2,860,983 | — | 5,637 | 63,596,470 | ||||||||||||
International Bond Fund | 34,150,558 | 12,247,562 | 3,877,198 | (159,340 | ) | 164,254 | 44,288,846 | |||||||||||
NT International Growth Fund | 24,648,291 | 8,772,745 | 3,387,196 | 83,247 | 1,633,398 | 31,157,092 | ||||||||||||
$ | 490,761,452 | $ | 205,773,665 | $ | 90,121,244 | $ | (989,215 | ) | $ | 23,037,674 | $ | 628,981,650 |
(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. |
(3) | Effective October 11, 2013, the name of NT VistaSM Fund was changed to NT Heritage Fund. |
Fund/Underlying Fund(1) | Beginning Value | Purchase Cost | Sales Cost | Realized Gain (Loss) | Distributions Received(2) | Ending Value | ||||||||||||
One Choice 2015 Portfolio | ||||||||||||||||||
NT Core Equity Plus Fund | $ | 36,217,755 | $ | 2,757,546 | $ | 4,405,128 | $ | 797,701 | $ | 2,340,134 | $ | 37,890,953 | ||||||
NT Equity Growth Fund | 114,915,003 | 19,301,091 | 14,417,853 | 846,276 | 12,549,285 | 126,044,031 | ||||||||||||
NT Growth Fund | 80,076,226 | 6,586,445 | 11,468,554 | 1,422,410 | 3,669,965 | 83,436,708 | ||||||||||||
NT Heritage Fund(3) | 35,202,020 | 5,959,558 | 6,784,446 | 1,106,210 | 3,608,711 | 33,170,019 | ||||||||||||
NT Large Company Value Fund | 127,590,950 | 14,368,890 | 15,146,919 | 958,716 | 5,847,194 | 138,445,986 | ||||||||||||
NT Mid Cap Value Fund | 50,233,314 | 5,204,690 | 6,096,721 | 584,696 | 4,567,334 | 52,347,142 | ||||||||||||
NT Small Company Fund | 25,161,735 | 4,373,572 | 3,222,133 | 703,570 | 3,000,796 | 25,081,867 | ||||||||||||
Real Estate Fund | 11,812,895 | 1,826,806 | 1,795,492 | 186,691 | 265,828 | 13,106,890 | ||||||||||||
High-Yield Fund | 41,104,653 | 7,784,290 | 457,863 | (9,376 | ) | 3,094,621 | 47,971,835 | |||||||||||
Inflation-Adjusted Bond Fund | 81,832,784 | 11,416,117 | 72,193,213 | (1,354,916 | ) | 1,067,581 | 21,286,754 | |||||||||||
NT Diversified Bond Fund | 296,513,740 | 64,151,754 | 26,861,775 | (918,180 | ) | 7,386,810 | 340,511,788 | |||||||||||
Short Duration Inflation Protection Bond Fund | — | 76,557,173 | 1,046,323 | 549 | 484,054 | 75,595,100 | ||||||||||||
Premium Money Market Fund | 101,533,706 | 25,508,189 | 1,660,022 | — | 11,662 | 125,381,873 | ||||||||||||
International Bond Fund | 73,095,451 | 14,332,856 | 2,918,309 | (127,032 | ) | 354,001 | 88,064,271 | |||||||||||
NT Emerging Markets Fund | 5,744,834 | 183,998 | 3,285,331 | 1,428,601 | 12,535 | 1,715,137 | ||||||||||||
NT International Growth Fund | 59,425,731 | 8,237,917 | 6,623,334 | 695,895 | 3,674,284 | 63,301,099 | ||||||||||||
$ | 1,140,460,797 | $ | 268,550,892 | $ | 178,383,416 | $ | 6,321,811 | $ | 51,934,795 | $ | 1,273,351,453 |
(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. |
(3) | Effective October 11, 2013, the name of NT VistaSM Fund was changed to NT Heritage Fund. |
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 | $ | 29,295,304 | $ | 7,970,141 | $ | 974,339 | $ | 24,969 | $ | 2,225,836 | $ | 40,177,487 | ||||||
NT Equity Growth Fund | 92,628,694 | 34,619,516 | 5,846,452 | 47,206 | 11,306,212 | 128,117,838 | ||||||||||||
NT Growth Fund | 77,943,958 | 23,654,641 | 7,116,506 | 70,379 | 4,116,703 | 105,009,877 | ||||||||||||
NT Heritage Fund(3) | 38,099,577 | 14,875,088 | 4,197,873 | (85,366 | ) | 4,661,104 | 48,498,511 | |||||||||||
NT Large Company Value Fund | 109,159,548 | 35,859,765 | 8,121,910 | 152,858 | 5,711,182 | 149,517,346 | ||||||||||||
NT Mid Cap Value Fund | 48,559,183 | 15,115,980 | 2,306,323 | 20,206 | 5,092,997 | 65,528,416 | ||||||||||||
NT Small Company Fund | 20,078,437 | 8,080,004 | 1,114,588 | 11,054 | 2,822,271 | 26,466,705 | ||||||||||||
Real Estate Fund | 12,614,523 | 4,181,931 | 1,281,790 | 22,047 | 322,151 | 17,329,947 | ||||||||||||
High-Yield Fund | 35,081,429 | 15,082,324 | 521,775 | (8,479 | ) | 2,900,302 | 49,149,604 | |||||||||||
Inflation-Adjusted Bond Fund | 70,537,207 | 18,435,690 | 50,779,345 | (3,236,378 | ) | 1,802,549 | 40,427,949 | |||||||||||
NT Diversified Bond Fund | 244,627,045 | 117,951,231 | 23,999,218 | (930,553 | ) | 6,888,635 | 345,201,698 | |||||||||||
Short Duration Inflation Protection Bond Fund | — | 58,271,176 | 222,493 | (728 | ) | 354,566 | 58,114,015 | |||||||||||
Premium Money Market Fund | 65,611,158 | 33,958,308 | 1,332,994 | — | 8,413 | 98,236,472 | ||||||||||||
NT Emerging Markets Fund | 14,507,523 | 2,982,383 | 3,973,258 | 131,058 | 60,490 | 15,298,669 | ||||||||||||
NT International Growth Fund | 59,715,510 | 20,249,681 | 4,268,500 | 15,424 | 4,173,338 | 78,592,061 | ||||||||||||
International Bond Fund | 55,522,955 | 24,067,411 | 3,207,940 | (144,733 | ) | 289,653 | 79,380,924 | |||||||||||
$ | 973,982,051 | $ | 435,355,270 | $ | 119,265,304 | $ | (3,911,036 | ) | $ | 52,736,402 | $ | 1,345,047,519 |
(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. |
(3) | Effective October 11, 2013, the name of NT VistaSM Fund was changed to NT Heritage Fund. |
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 | $ | 53,360,644 | $ | 6,541,827 | $ | 1,489,731 | $ | 86,948 | $ | 3,726,905 | $ | 64,788,224 | ||||||
NT Equity Growth Fund | 164,108,895 | 31,375,699 | 7,208,467 | 242,415 | 18,457,527 | 198,686,047 | ||||||||||||
NT Growth Fund | 164,867,112 | 21,298,267 | 13,448,563 | 408,671 | 7,969,246 | 193,046,477 | ||||||||||||
NT Heritage Fund(3) | 82,650,950 | 19,731,366 | 4,546,451 | 227,683 | 9,367,036 | 96,791,367 | ||||||||||||
NT Large Company Value Fund | 203,235,375 | 33,619,950 | 13,739,344 | 476,121 | 9,729,987 | 243,996,009 | ||||||||||||
NT Mid Cap Value Fund | 98,075,587 | 15,763,712 | 2,447,844 | 11,478 | 9,377,645 | 118,876,688 | ||||||||||||
NT Small Company Fund | 47,235,143 | 10,514,850 | 5,210,699 | 810,445 | 5,898,231 | 50,761,373 | ||||||||||||
Real Estate Fund | 25,448,646 | 7,019,948 | 2,566,724 | 127,696 | 641,596 | 33,383,373 | ||||||||||||
High-Yield Fund | 57,089,248 | 18,163,358 | — | — | 4,530,492 | 74,501,593 | ||||||||||||
Inflation-Adjusted Bond Fund | 116,102,568 | 24,565,426 | 53,627,066 | (4,085,924 | ) | 4,064,567 | 89,337,982 | |||||||||||
NT Diversified Bond Fund | 412,152,010 | 137,228,501 | 28,640,927 | (1,018,188 | ) | 10,841,936 | 530,428,369 | |||||||||||
Short Duration Inflation Protection Bond Fund | — | 59,956,552 | — | — | 364,456 | 60,015,491 | ||||||||||||
NT Emerging Markets Fund | 39,717,316 | 8,643,274 | 5,093,435 | 114,563 | 183,695 | 48,717,391 | ||||||||||||
NT International Growth Fund | 124,038,009 | 26,768,298 | 9,275,655 | 206,387 | 8,152,320 | 147,439,152 | ||||||||||||
Premium Money Market Fund | 84,682,336 | 24,404,419 | 249,515 | — | 9,863 | 108,837,240 | ||||||||||||
International Bond Fund | 71,988,018 | 28,449,061 | 1,470,607 | (76,753 | ) | 377,637 | 102,694,541 | |||||||||||
$ | 1,744,751,857 | $ | 474,044,508 | $ | 149,015,028 | $ | (2,468,458 | ) | $ | 93,693,139 | $ | 2,162,301,317 |
(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. |
(3) | Effective October 11, 2013, the name of NT VistaSM Fund was changed to NT Heritage Fund. |
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 | $ | 29,562,141 | $ | 9,528,866 | $ | 372,960 | $ | (4,513 | ) | $ | 2,319,837 | $ | 42,740,078 | |||||
NT Equity Growth Fund | 84,053,139 | 34,704,734 | 3,251,478 | (30,229 | ) | 10,579,493 | 121,713,108 | |||||||||||
NT Growth Fund | 100,889,606 | 33,532,615 | 6,589,295 | 37,057 | 5,450,239 | 141,632,611 | ||||||||||||
NT Heritage Fund(3) | 45,940,052 | 22,109,479 | 1,307,792 | (29,100 | ) | 5,986,874 | 65,961,559 | |||||||||||
NT Large Company Value Fund | 109,592,131 | 38,243,535 | 4,404,098 | 21,217 | 5,852,877 | 156,423,602 | ||||||||||||
NT Mid Cap Value Fund | 47,437,023 | 18,732,132 | 846,731 | (37,984 | ) | 5,147,837 | 69,560,002 | |||||||||||
NT Small Company Fund | 32,734,602 | 14,710,792 | 2,414,728 | (11,863 | ) | 4,744,927 | 44,093,587 | |||||||||||
Real Estate Fund | 16,129,099 | 6,601,905 | 1,442,676 | (47,237 | ) | 428,830 | 23,797,679 | |||||||||||
High-Yield Fund | 27,392,368 | 14,930,312 | 773,928 | (16,798 | ) | 2,333,921 | 41,126,774 | |||||||||||
Inflation-Adjusted Bond Fund | 55,839,595 | 25,941,147 | 16,171,137 | (1,396,275 | ) | 2,832,989 | 66,134,501 | |||||||||||
NT Diversified Bond Fund | 192,762,914 | 115,254,539 | 20,411,650 | (798,562 | ) | 5,652,045 | 293,062,384 | |||||||||||
Short Duration Inflation Protection Bond Fund | — | 17,894,997 | 210,499 | (577 | ) | 103,373 | 17,700,128 | |||||||||||
NT Emerging Markets Fund | 25,942,886 | 9,144,373 | 2,258,170 | (16,173 | ) | 131,140 | 36,675,822 | |||||||||||
NT International Growth Fund | 78,278,686 | 33,564,463 | 5,205,239 | 30,854 | 5,694,050 | 110,306,314 | ||||||||||||
Premium Money Market Fund | 45,224,828 | 23,162,907 | 1,269,781 | — | 5,753 | 67,117,954 | ||||||||||||
International Bond Fund | 15,822,818 | 13,546,142 | 393,580 | (16,531 | ) | 96,142 | 29,946,471 | |||||||||||
$ | 907,601,888 | $ | 431,602,938 | $ | 67,323,742 | $ | (2,316,714 | ) | $ | 57,360,327 | $ | 1,327,992,574 |
(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. |
(3) | Effective October 11, 2013, the name of NT VistaSM Fund was changed to NT Heritage Fund. |
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 | $ | 42,791,165 | $ | 7,694,961 | $ | 1,075,564 | $ | 43,821 | $ | 3,085,778 | $ | 54,745,212 | ||||||
NT Equity Growth Fund | 126,819,514 | 27,581,816 | 4,994,639 | 120,030 | 14,514,091 | 157,669,676 | ||||||||||||
NT Growth Fund | 168,353,342 | 28,905,261 | 6,945,766 | 16,283 | 8,415,493 | 212,029,145 | ||||||||||||
NT Heritage Fund(3) | 75,487,296 | 19,118,577 | 3,410,865 | (9,053 | ) | 8,777,194 | 90,400,282 | |||||||||||
NT Large Company Value Fund | 168,717,555 | 33,354,615 | 8,093,606 | 173,974 | 8,258,397 | 211,996,402 | ||||||||||||
NT Mid Cap Value Fund | 74,081,793 | 12,634,109 | 1,560,844 | 46,807 | 7,162,058 | 90,912,502 | ||||||||||||
NT Small Company Fund | 56,706,522 | 18,676,207 | 3,193,584 | 56,300 | 7,676,593 | 70,704,075 | ||||||||||||
Real Estate Fund | 26,110,401 | 7,146,120 | 2,483,193 | 86,583 | 650,539 | 34,358,220 | ||||||||||||
High-Yield Fund | 33,667,562 | 13,214,764 | 35,670 | (1,063 | ) | 2,719,587 | 46,363,256 | |||||||||||
Inflation-Adjusted Bond Fund | 69,184,635 | 26,898,577 | 2,793,946 | (295,149 | ) | 4,039,351 | 92,478,146 | |||||||||||
NT Diversified Bond Fund | 241,323,110 | 104,422,105 | 22,008,341 | (766,126 | ) | 6,574,805 | 329,838,678 | |||||||||||
Short Duration Inflation Protection Bond Fund | — | 1,250,930 | — | — | 3,117 | 1,250,774 | ||||||||||||
NT Emerging Markets Fund | 45,272,251 | 10,228,128 | 4,872,792 | 93,286 | 219,032 | 56,940,822 | ||||||||||||
NT International Growth Fund | 127,439,837 | 37,034,211 | 10,427,013 | 216,222 | 8,478,389 | 159,954,360 | ||||||||||||
Premium Money Market Fund | 55,091,232 | 26,843,285 | 676,882 | — | 6,897 | 81,257,635 | ||||||||||||
$ | 1,311,046,215 | $ | 375,003,666 | $ | 72,572,705 | $ | (218,085 | ) | $ | 80,581,321 | $ | 1,690,899,185 |
(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. |
(3) | Effective October 11, 2013, the name of NT VistaSM Fund was changed to NT Heritage Fund. |
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 | $ | 23,081,510 | $ | 8,123,670 | $ | 677,462 | $ | 22,465 | $ | 1,796,172 | $ | 33,643,317 | ||||||
NT Equity Growth Fund | 65,042,180 | 29,142,000 | 1,861,233 | (4,575 | ) | 8,411,470 | 97,204,560 | |||||||||||
NT Growth Fund | 88,028,301 | 33,618,731 | 3,234,461 | (5,852 | ) | 4,903,465 | 130,636,594 | |||||||||||
NT Heritage Fund(3) | 42,243,287 | 21,202,231 | 1,480,080 | (33,541 | ) | 5,605,573 | 61,209,041 | |||||||||||
NT Large Company Value Fund | 87,722,997 | 34,890,128 | 2,847,921 | 13,873 | 4,819,060 | 130,440,902 | ||||||||||||
NT Mid Cap Value Fund | 41,853,914 | 16,790,640 | 836,625 | (31,963 | ) | 4,582,891 | 61,554,660 | |||||||||||
NT Small Company Fund | 26,301,041 | 15,222,675 | 1,048,695 | (15,914 | ) | 4,036,738 | 39,601,289 | |||||||||||
Real Estate Fund | 14,420,260 | 6,826,992 | 1,496,120 | (18,757 | ) | 391,601 | 22,064,852 | |||||||||||
High-Yield Fund | 14,257,648 | 8,910,388 | 141,404 | (4,158 | ) | 1,281,288 | 22,787,989 | |||||||||||
Inflation-Adjusted Bond Fund | 28,556,394 | 19,172,640 | 1,447,052 | (151,048 | ) | 1,911,471 | 45,977,800 | |||||||||||
NT Diversified Bond Fund | 100,335,778 | 68,199,566 | 9,656,542 | (354,192 | ) | 3,063,568 | 161,778,774 | |||||||||||
NT Emerging Markets Fund | 27,657,189 | 11,958,825 | 2,856,841 | 10,612 | 146,669 | 40,912,527 | ||||||||||||
NT International Growth Fund | 63,418,475 | 30,901,291 | 2,349,679 | (10,376 | ) | 4,821,830 | 94,874,313 | |||||||||||
Premium Money Market Fund | 11,028,928 | 10,895,805 | 100,343 | — | 1,687 | 21,824,390 | ||||||||||||
$ | 633,947,902 | $ | 315,855,582 | $ | 30,034,458 | $ | (583,426 | ) | $ | 45,773,483 | $ | 964,511,008 |
(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. |
(3) | Effective October 11, 2013, the name of NT VistaSM Fund was changed to NT Heritage Fund. |
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 | $ | 39,566,192 | $ | 9,122,796 | $ | 1,037,251 | $ | 9,991 | $ | 2,930,850 | $ | 52,748,164 | ||||||
NT Equity Growth Fund | 90,379,333 | 29,574,539 | 2,317,858 | (25,940 | ) | 10,861,498 | 123,952,889 | |||||||||||
NT Growth Fund | 127,889,351 | 33,251,342 | 3,648,876 | (1,234 | ) | 6,559,040 | 174,316,985 | |||||||||||
NT Heritage Fund(3) | 64,314,419 | 25,152,662 | 1,385,991 | (36,855 | ) | 7,931,389 | 87,164,243 | |||||||||||
NT Large Company Value Fund | 127,911,268 | 36,765,032 | 4,586,089 | 57,117 | 6,473,313 | 174,412,519 | ||||||||||||
NT Mid Cap Value Fund | 63,178,564 | 20,219,862 | 1,091,426 | (6,280 | ) | 6,480,817 | 87,664,011 | |||||||||||
NT Small Company Fund | 37,198,289 | 14,914,124 | 3,307,801 | 60,892 | 4,956,241 | 47,776,691 | ||||||||||||
Real Estate Fund | 22,042,634 | 7,359,230 | 2,007,357 | 37,736 | 560,011 | 30,575,161 | ||||||||||||
High-Yield Fund | 16,781,963 | 7,598,563 | 1,966 | (52 | ) | 1,383,140 | 24,118,993 | |||||||||||
Inflation-Adjusted Bond Fund | 33,682,211 | 16,081,068 | 837,883 | (88,511 | ) | 2,040,120 | 48,498,016 | |||||||||||
NT Diversified Bond Fund | 118,928,323 | 61,610,096 | 13,454,933 | (486,712 | ) | 3,319,332 | 170,288,678 | |||||||||||
NT Emerging Markets Fund | 45,633,504 | 15,372,721 | 4,480,007 | (15,828 | ) | 229,520 | 63,250,343 | |||||||||||
NT International Growth Fund | 88,573,621 | 35,784,862 | 4,634,048 | (39,009 | ) | 6,268,923 | 123,813,510 | |||||||||||
$ | 876,079,672 | $ | 312,806,897 | $ | 42,791,486 | $ | (534,685 | ) | $ | 59,994,194 | $ | 1,208,580,203 |
(1) | Underlying fund investments represent Institutional Class. |
(2) | Distributions received includes distributions from net investment income and from capital gains, if any. |
(3) | Effective October 11, 2013, the name of NT VistaSM Fund was changed to NT Heritage Fund. |
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 | $ | 15,208,882 | $ | 6,811,629 | $ | 368,487 | $ | (927 | ) | $ | 1,201,611 | $ | 23,798,903 | |||||
NT Equity Growth Fund | 34,999,679 | 17,928,303 | 1,400,492 | (22,701 | ) | 4,414,247 | 54,182,084 | |||||||||||
NT Growth Fund | 50,096,465 | 23,307,440 | 2,243,084 | (8,117 | ) | 2,738,789 | 78,113,200 | |||||||||||
NT Heritage Fund(3) | 24,528,572 | 15,268,268 | 870,367 | (19,561 | ) | 3,258,085 | 38,453,694 | |||||||||||
NT Large Company Value Fund | 50,981,280 | 24,117,678 | 1,924,159 | (7,484 | ) | 2,755,783 | 79,436,310 | |||||||||||
NT Mid Cap Value Fund | 24,363,275 | 12,627,582 | 584,923 | (7,645 | ) | 2,658,533 | 38,676,937 | |||||||||||
NT Small Company Fund | 16,138,354 | 9,931,626 | 1,211,811 | (19,513 | ) | 2,407,024 | 24,383,176 | |||||||||||
Real Estate Fund | 9,368,529 | 4,948,631 | 982,978 | (22,719 | ) | 254,767 | 14,865,267 | |||||||||||
High-Yield Fund | 5,649,452 | 3,783,182 | 52,375 | (1,514 | ) | 501,082 | 9,279,822 | |||||||||||
Inflation-Adjusted Bond Fund | 11,325,745 | 8,133,038 | 726,013 | (73,876 | ) | 742,712 | 18,644,842 | |||||||||||
NT Diversified Bond Fund | 40,064,729 | 29,418,456 | 4,158,452 | (169,472 | ) | 1,216,223 | 66,515,538 | |||||||||||
NT Emerging Markets Fund | 20,971,635 | 10,844,032 | 2,586,213 | (76,559 | ) | 113,366 | 32,593,074 | |||||||||||
NT International Growth Fund | 33,255,084 | 20,344,903 | 2,141,585 | (17,056 | ) | 2,511,255 | 52,976,278 | |||||||||||
$ | 336,951,681 | $ | 187,464,768 | $ | 19,250,939 | $ | (447,144 | ) | $ | 24,773,477 | $ | 531,919,125 |
(1) | Underlying fund investments represent Institutional Class. |
(2) | Distributions received includes distributions from net investment income and from capital gains, if any. |
(3) | Effective October 11, 2013, the name of NT VistaSM Fund was changed to NT Heritage Fund. |
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 | $ | 2,137,578 | $ | 3,139,116 | $ | 177,385 | $ | (1,392 | ) | $ | 211,512 | $ | 5,506,746 | |||||
NT Equity Growth Fund | 5,086,776 | 7,988,031 | 503,803 | (16,637 | ) | 805,323 | 13,144,513 | |||||||||||
NT Growth Fund | 7,210,190 | 11,080,270 | 928,272 | (10,333 | ) | 495,268 | 18,642,499 | |||||||||||
NT Heritage Fund(3) | 3,569,212 | 6,115,440 | 395,466 | (27,474 | ) | 589,574 | 9,191,468 | |||||||||||
NT Large Company Value Fund | 7,304,290 | 11,123,856 | 741,673 | (5,695 | ) | 504,885 | 18,944,338 | |||||||||||
NT Mid Cap Value Fund | 3,536,383 | 5,523,949 | 329,861 | (7,375 | ) | 479,007 | 9,212,874 | |||||||||||
NT Small Company Fund | 2,375,397 | 4,022,862 | 218,105 | (11,410 | ) | 433,910 | 6,080,855 | |||||||||||
Real Estate Fund | 1,386,712 | 2,195,721 | 251,729 | (10,058 | ) | 50,249 | 3,680,880 | |||||||||||
NT Emerging Markets Fund | 3,062,283 | 4,873,289 | 665,993 | (15,941 | ) | 21,382 | 7,955,213 | |||||||||||
NT International Growth Fund | 4,491,965 | 7,764,955 | 772,269 | (13,356 | ) | 417,287 | 11,659,646 | |||||||||||
High-Yield Fund | 709,772 | 1,238,399 | 71,054 | (1,844 | ) | 82,124 | 1,856,771 | |||||||||||
Inflation-Adjusted Bond Fund | 1,420,209 | 2,587,915 | 294,392 | (30,724 | ) | 122,653 | 3,738,921 | |||||||||||
NT Diversified Bond Fund | 4,955,443 | 9,135,959 | 1,217,359 | (42,185 | ) | 197,747 | 13,103,228 | |||||||||||
$ | 47,246,210 | $ | 76,789,762 | $ | 6,567,361 | $ | (194,424 | ) | $ | 4,410,921 | $ | 122,717,952 |
(1) | Underlying fund investments represent Institutional Class. |
(2) | Distributions received includes distributions from net investment income and from capital gains, if any. |
(3) | Effective October 11, 2013, the name of NT VistaSM Fund was changed to NT Heritage Fund. |
• | 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, |
• | Level 3 valuation inputs consist of unobservable data (including a fund’s own assumptions). |
2014 | 2013 | |||||||||||
Distributions Paid From: | Distributions Paid From: | |||||||||||
Ordinary income | Long-term capital gains | Ordinary income | Long-term capital gains | |||||||||
One Choice In Retirement Portfolio | $ | 11,064,101 | $ | 5,491,313 | $ | 7,401,513 | $ | 4,259,572 | ||||
One Choice 2015 Portfolio | $ | 25,138,271 | $ | 14,938,130 | $ | 18,467,497 | $ | 7,656,970 | ||||
One Choice 2020 Portfolio | $ | 22,955,607 | $ | 8,118,107 | $ | 12,718,934 | $ | 6,334,959 | ||||
One Choice 2025 Portfolio | $ | 41,096,621 | $ | 17,873,524 | $ | 24,883,625 | $ | 9,261,161 | ||||
One Choice 2030 Portfolio | $ | 23,043,333 | $ | 8,404,245 | $ | 10,510,363 | $ | 5,559,501 | ||||
One Choice 2035 Portfolio | $ | 32,247,769 | $ | 14,298,263 | $ | 15,837,573 | $ | 8,185,007 | ||||
One Choice 2040 Portfolio | $ | 17,734,546 | $ | 6,129,116 | $ | 6,404,633 | $ | 3,443,875 | ||||
One Choice 2045 Portfolio | $ | 23,244,240 | $ | 9,940,285 | $ | 9,786,591 | $ | 4,663,539 | ||||
One Choice 2050 Portfolio | $ | 9,480,679 | $ | 3,346,492 | $ | 3,087,879 | $ | 1,709,809 | ||||
One Choice 2055 Portfolio | $ | 1,588,935 | $ | 297,313 | $ | 251,068 | $ | 49,746 |
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 | $ | 539,413,382 | $ | 1,068,203,642 | $ | 1,163,914,639 | $ | 1,802,969,093 | $ | 1,139,144,588 | |||||
Gross tax appreciation of investments | $ | 89,568,268 | $ | 205,147,811 | $ | 181,132,880 | $ | 359,332,224 | $ | 189,365,365 | |||||
Gross tax depreciation of investments | — | — | — | — | (517,379 | ) | |||||||||
Net tax appreciation (depreciation) of investments | $ | 89,568,268 | $ | 205,147,811 | $ | 181,132,880 | $ | 359,332,224 | $ | 188,847,986 | |||||
Undistributed ordinary income | — | $ | 5,769,814 | $ | 6,731,904 | $ | 10,452,379 | $ | 6,134,571 | ||||||
Accumulated long-term gains | $ | 8,406,405 | $ | 23,434,846 | $ | 22,148,500 | $ | 44,104,553 | $ | 28,694,179 |
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 | $ | 1,395,647,555 | $ | 822,080,403 | $ | 997,805,688 | $ | 457,007,088 | $ | 113,234,978 | |||||
Gross tax appreciation of investments | $ | 296,139,437 | $ | 143,641,091 | $ | 211,589,441 | $ | 75,478,443 | $ | 9,563,853 | |||||
Gross tax depreciation of investments | (887,807 | ) | (1,210,486 | ) | (814,926 | ) | (566,406 | ) | (80,879 | ) | |||||
Net tax appreciation (depreciation) of investments | $ | 295,251,630 | $ | 142,430,605 | $ | 210,774,515 | $ | 74,912,037 | $ | 9,482,974 | |||||
Undistributed ordinary income | $ | 8,104,014 | $ | 4,129,362 | $ | 4,915,307 | $ | 1,966,991 | $ | 429,877 | |||||
Accumulated long-term gains | $ | 41,990,066 | $ | 24,334,082 | $ | 32,534,339 | $ | 13,444,899 | $ | 2,321,241 |
Financial Highlights |
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 | |||||||||||||||
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 | |||||||||||||||
2014 | $12.42 | 0.29 | 0.73 | 1.02 | (0.29) | (0.12) | (0.41) | $13.03 | 8.40% | 0.00%(4) | 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%(4) | 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 | ||
A Class(5) | |||||||||||||||
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 |
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 | |||||||||||||||
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(6) | $10.15 | 0.03 | 0.12 | 0.15 | (0.03) | — | (0.03) | $10.27 | 1.51% | 1.21%(7) | 0.77%(7) | 13%(8) | $35 | ||
R Class | |||||||||||||||
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) | Ratio was less than 0.005%. |
(5) | Prior to March 1, 2010, the A Class was referred to as the Advisor Class. |
(6) | March 1, 2010 (commencement of sale) through July 31, 2010. |
(7) | Annualized. |
(8) | Portfolio turnover is calculated at the fund level. Percentage indicated was calculated for the year ended July 31, 2010. |
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 | |||||||||||||||
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 | |||||||||||||||
2014 | $13.21 | 0.31 | 0.81 | 1.12 | (0.31) | (0.18) | (0.49) | $13.84 | 8.56% | 0.00%(4) | 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%(4) | 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(5) | |||||||||||||||
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 | |||||||||||||||
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(6) | $10.55 | 0.04 | 0.13 | 0.17 | — | — | — | $10.72 | 1.61% | 1.21%(7) | 0.83%(7) | 9%(8) | $182 | ||
R Class | |||||||||||||||
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) | Ratio was less than 0.005%. |
(5) | Prior to March 1, 2010, the A Class was referred to as the Advisor Class. |
(6) | March 1, 2010 (commencement of sale) through July 31, 2010. |
(7) | Annualized. |
(8) | Portfolio turnover is calculated at the fund level. Percentage indicated was calculated for the year ended July 31, 2010. |
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 | |||||||||||||||
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) | —(4) | (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 | |||||||||||||||
2014 | $11.57 | 0.28 | 0.77 | 1.05 | (0.26) | (0.09) | (0.35) | $12.27 | 9.20% | 0.00%(5) | 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%(5) | 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) | —(4) | (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(6) | |||||||||||||||
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) | —(4) | (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 | |||||||||||||||
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) | —(4) | (0.09) | $10.34 | 12.68% | 1.21% | 1.13% | 4% | $578 | ||
2010(7) | $9.12 | 0.03 | 0.11 | 0.14 | — | — | — | $9.26 | 1.54% | 1.21%(8) | 0.67%(8) | 8%(9) | $103 | ||
R Class | |||||||||||||||
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) | —(4) | (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) | Per-share amount was less than $0.005. |
(5) | Ratio was less than 0.005%. |
(6) | Prior to March 1, 2010, the A Class was referred to as the Advisor Class. |
(7) | March 1, 2010 (commencement of sale) through July 31, 2010. |
(8) | Annualized. |
(9) | Portfolio turnover is calculated at the fund level. Percentage indicated was calculated for the year ended July 31, 2010. |
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 | |||||||||||||||
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 | |||||||||||||||
2014 | $13.72 | 0.34 | 0.99 | 1.33 | (0.33) | (0.14) | (0.47) | $14.58 | 9.83% | 0.00%(4) | 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%(4) | 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(5) | |||||||||||||||
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 | |||||||||||||||
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(6) | $10.58 | 0.02 | 0.14 | 0.16 | — | — | — | $10.74 | 1.51% | 1.21%(7) | 0.43%(7) | 10%(8) | $373 | ||
R Class | |||||||||||||||
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) | Ratio was less than 0.005%. |
(5) | Prior to March 1, 2010, the A Class was referred to as the Advisor Class. |
(6) | March 1, 2010 (commencement of sale) through July 31, 2010. |
(7) | Annualized. |
(8) | Portfolio turnover is calculated at the fund level. Percentage indicated was calculated for the year ended July 31, 2010. |
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 | |||||||||||||||
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) | —(4) | (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 | 12.9% | 0.21% | 1.63% | 7% | $99,983 | ||
Institutional Class | |||||||||||||||
2014 | $11.62 | 0.30 | 0.89 | 1.19 | (0.28) | (0.09) | (0.37) | $12.44 | 10.37% | 0.00%(5) | 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) | —(4) | (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(6) | |||||||||||||||
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) | —(4) | (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 | |||||||||||||||
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) | —(4) | (0.05) | $10.13 | 14.18% | 1.21% | 0.76% | 4% | $728 | ||
2010(7) | $8.80 | 0.02 | 0.10 | 0.12 | — | — | — | $8.92 | 1.36% | 1.21%(8) | 0.41%(8) | 7%(9) | $162 | ||
R Class | |||||||||||||||
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) | —(4) | (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) | Per-share amount was less than $0.005. |
(5) | Ratio was less than 0.005%. |
(6) | Prior to March 1, 2010, the A Class was referred to as the Advisor Class. |
(7) | March 1, 2010 (commencement of sale) through July 31, 2010. |
(8) | Annualized. |
(9) | Portfolio turnover is calculated at the fund level. Percentage indicated was calculated for the year ended July 31, 2010. |
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 | |||||||||||||||
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 | |||||||||||||||
2014 | $14.55 | 0.38 | 1.21 | 1.59 | (0.37) | (0.15) | (0.52) | $15.62 | 11.04% | 0.00%(4) | 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%(4) | 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(5) | |||||||||||||||
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 | |||||||||||||||
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(6) | $10.74 | 0.01 | 0.12 | 0.13 | — | — | — | $10.87 | 1.21% | 1.21%(7) | 0.29%(7) | 8%(8) | $86 | ||
R Class | |||||||||||||||
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) | Ratio was less than 0.005%. |
(5) | Prior to March 1, 2010, the A Class was referred to as the Advisor Class. |
(6) | March 1, 2010 (commencement of sale) through July 31, 2010. |
(7) | Annualized. |
(8) | Portfolio turnover is calculated at the fund level. Percentage indicated was calculated for the year ended July 31, 2010. |
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 | |||||||||||||||
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) | —(4) | (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 | |||||||||||||||
2014 | $11.88 | 0.32 | 1.07 | 1.39 | (0.30) | (0.10) | (0.40) | $12.87 | 11.84% | 0.00%(5) | 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%(5) | 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) | —(4) | (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(6) | |||||||||||||||
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) | —(4) | (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 | |||||||||||||||
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) | —(4) | (0.04) | $10.07 | 16.46% | 1.21% | 0.57% | 5% | $215 | ||
2010(7) | $8.60 | —(4) | 0.08 | 0.08 | — | — | — | $8.68 | 0.93% | 1.21%(8) | 0.12%(8) | 3%(9) | $68 | ||
R Class | |||||||||||||||
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) | —(4) | (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) | Per-share amount was less than $0.005. |
(5) | Ratio was less than 0.005%. |
(6) | Prior to March 1, 2010, the A Class was referred to as the Advisor Class. |
(7) | March 1, 2010 (commencement of sale) through July 31, 2010. |
(8) | Annualized. |
(9) | Portfolio turnover is calculated at the fund level. Percentage indicated was calculated for the year ended July 31, 2010. |
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 | |||||||||||||||
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 | |||||||||||||||
2014 | $14.94 | 0.40 | 1.44 | 1.84 | (0.39) | (0.15) | (0.54) | $16.24 | 12.55% | 0.00%(4) | 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%(4) | 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(5) | |||||||||||||||
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 | |||||||||||||||
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(6) | $10.67 | 0.01 | 0.10 | 0.11 | — | — | — | $10.78 | 1.03% | 1.21%(7) | 0.14%(7) | 9%(8) | $59 | ||
R Class | |||||||||||||||
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) | Ratio was less than 0.005%. |
(5) | Prior to March 1, 2010, the A Class was referred to as the Advisor Class. |
(6) | March 1, 2010 (commencement of sale) through July 31, 2010. |
(7) | Annualized. |
(8) | Portfolio turnover is calculated at the fund level. Percentage indicated was calculated for the year ended July 31, 2010. |
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 | |||||||||||||||
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) | —(4) | (0.12) | $9.88 | 18.35% | 0.21% | 1.37% | 6% | $20,035 | ||
2010 | $7.46 | 0.10 | 0.97 | 1.07 | (0.08) | —(4) | (0.08) | $8.45 | 14.33% | 0.22% | 1.17% | 13% | $10,225 | ||
Institutional Class | |||||||||||||||
2014 | $11.79 | 0.32 | 1.17 | 1.49 | (0.31) | (0.10) | (0.41) | $12.87 | 12.79% | 0.00%(5) | 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%(5) | 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) | —(4) | (0.14) | $9.90 | 18.69% | 0.01% | 1.57% | 6% | $30,796 | ||
2010 | $7.47 | 0.12 | 0.96 | 1.08 | (0.09) | —(4) | (0.09) | $8.46 | 14.54% | 0.02% | 1.37% | 13% | $8,482 | ||
A Class(6) | |||||||||||||||
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) | —(4) | (0.09) | $9.87 | 18.08% | 0.46% | 1.12% | 6% | $29,685 | ||
2010 | $7.45 | 0.07 | 0.97 | 1.04 | (0.05) | —(4) | (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 | |||||||||||||||
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) | —(4) | (0.02) | $9.85 | 17.23% | 1.21% | 0.37% | 6% | $117 | ||
2010(7) | $8.35 | —(4) | 0.07 | 0.07 | — | — | — | $8.42 | 0.84% | 1.22%(8) | 0.06%(8) | 13%(9) | $32 | ||
R Class | |||||||||||||||
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) | —(4) | (0.07) | $9.86 | 17.80% | 0.71% | 0.87% | 6% | $7,660 | ||
2010 | $7.44 | 0.06 | 0.96 | 1.02 | (0.03) | —(4) | (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) | Per-share amount was less than $0.005. |
(5) | Ratio was less than 0.005%. |
(6) | Prior to March 1, 2010, the A Class was referred to as the Advisor Class. |
(7) | March 1, 2010 (commencement of sale) through July 31, 2010. |
(8) | Annualized. |
(9) | Portfolio turnover is calculated at the fund level. Percentage indicated was calculated for the year ended July 31, 2010. |
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 | |||||||||||||||
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(4) | $10.00 | 0.03 | (0.11) | (0.08) | — | — | — | $9.92 | (0.80)% | 0.20%(5) | 0.86%(5) | 12% | $390 | ||
Institutional Class | |||||||||||||||
2014 | $12.03 | 0.28 | 1.28 | 1.56 | (0.30) | (0.06) | (0.36) | $13.23 | 13.09% | 0.00%(6) | 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%(6) | 1.56% | 13% | $10,951 | ||
2012 | $9.92 | 0.14 | 0.25 | 0.39 | (0.11) | — | (0.11) | $10.20 | 4.04% | 0.00%(6) | 1.45% | 44% | $3,939 | ||
2011(4) | $10.00 | 0.04 | (0.12) | (0.08) | — | — | — | $9.92 | (0.80)% | 0.00%(5)(6) | 1.06%(5) | 12% | $379 | ||
A Class | |||||||||||||||
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(4) | $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 | |||||||||||||||
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(4) | $10.00 | (0.01) | (0.11) | (0.12) | — | — | — | $9.88 | (1.20)% | 1.20%(5) | (0.14)%(5) | 12% | $5 | ||
R Class | |||||||||||||||
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(4) | $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) | March 31, 2011 (fund inception) through July 31, 2011. |
(5) | Annualized. |
(6) | Ratio was less than 0.005%. |
Report of Independent Registered Public Accounting Firm |
Management |
Name (Year of Birth) | Position(s) Held with Funds | Length of Time Served | Principal Occupation(s) During Past 5 Years | Number of American Century Portfolios Overseen by Director | Other Directorships Held During Past 5 Years |
Independent Directors | |||||
Thomas A. Brown (1940) | Director | Since 1980 | Managing Member, Associated Investments, LLC (real estate investment company); Brown Cascade Properties, LLC (real estate investment company) (2001 to 2009) | 73 | None |
Andrea C. Hall (1945) | Director | Since 1997 | Retired | 73 | None |
Jan M. Lewis (1957) | Director | Since 2011 | Retired; President and Chief Executive Officer, Catholic Charities of Northeast Kansas (human services organization) (2006 to 2013) | 73 | None |
James A. Olson (1942) | Director and Chairman of the Board | Since 2007 (Chairman since 2014) | Member, Plaza Belmont LLC (private equity fund manager) | 73 | Saia, Inc. (2002 to 2012) and EPR Properties (2003 to 2013) |
M. Jeannine Strandjord (1945) | Director | Since 1994 | Retired | 73 | Euronet Worldwide Inc.; Charming Shoppes, Inc. (2006 to 2010); and DST Systems Inc. (1996 to 2012) |
Name (Year of Birth) | Position(s) Held with Funds | Length of Time Served | Principal Occupation(s) During Past 5 Years | Number of American Century Portfolios Overseen by Director | Other Directorships Held During Past 5 Years |
Independent Directors | |||||
John R. Whitten (1946) | Director | Since 2008 | Retired | 73 | Rudolph Technologies, Inc. |
Stephen E. Yates (1948) | Director | Since 2012 | Retired; Executive Vice President, Technology & Operations, KeyCorp. (computer services) (2004 to 2010) | 73 | Applied Industrial Technologies, Inc. (2001 to 2010) |
Interested Directors | |||||
Barry Fink (1955) | Director | Since 2012 | Retired; Executive Vice President, ACC (September 2007 to February 2013); President, ACS (October 2007 to February 2013); Chief Operating Officer, ACC (September 2007 to November 2012) | 73 | None |
Jonathan S. Thomas (1963) | Director and President | Since 2007 | President and Chief Executive Officer, ACC (March 2007 to present). Also serves as Chief Executive Officer, ACS; Executive Vice President, ACIM; Director, ACC, ACIM and other ACC subsidiaries | 118 | BioMed Valley Discoveries, Inc. |
Name (Year of Birth) | Offices with the Funds | Principal Occupation(s) During the Past Five Years |
Jonathan S. Thomas (1963) | Director and President since 2007 | President and Chief Executive Officer, ACC (March 2007 to present). Also serves as Chief Executive Officer, ACS; Executive Vice President, ACIM; Director, ACC, ACIM and other ACC subsidiaries |
Amy D. Shelton (1964) | Chief Compliance Officer since 2014 | Chief Compliance Officer, American Century funds, (March 2014 to present); Chief Compliance Officer, ACIM (February 2014 to present); Chief Compliance Officer, ACIS (October 2009 to present); Vice President, Client Interactions and Marketing, ACIS (February 2013 to January 2014); Director, Client Interactions and Marketing, ACIS (June 2007 to January 2013). Also serves as Vice President, ACIS |
Charles A. Etherington (1957) | General Counsel since 2007 and Senior Vice President since 2006 | Attorney, ACC (February 1994 to present); Vice President, ACC (November 2005 to present); General Counsel, ACC (March 2007 to present). Also serves as General Counsel, ACIM, ACS, ACIS and other ACC subsidiaries; and Senior Vice President, ACIM and ACS |
C. Jean Wade (1964) | Vice President, Treasurer and Chief Financial Officer since 2012 | Vice President, ACS (February 2000 to present) |
Robert J. Leach (1966) | Vice President since 2006 and Assistant Treasurer since 2012 | Vice President, ACS (February 2000 to present) |
David H. Reinmiller (1963) | Vice President since 2000 | Attorney, ACC (January 1994 to present); Associate General Counsel, ACC (January 2001 to present). Also serves as Vice President, ACIM and ACS |
Ward D. Stauffer (1960) | Secretary since 2005 | Attorney, ACC (June 2003 to present) |
Approval of Management Agreements |
• | the nature, extent, and quality of investment management, shareholder services, and other services provided by the Advisor to each Fund; |
• | the wide range of other programs and services the Advisor provides to each Fund and its shareholders on a routine and non-routine basis; |
• | each Fund’s investment performance compared to appropriate benchmarks and/or a peer group of other mutual funds with similar investment objectives and strategies; |
• | the cost of owning each Fund compared to the cost of owning similar funds; |
• | the Advisor’s compliance policies, procedures, and regulatory experience; |
• | financial data showing the cost of services provided to the Funds, the profitability of each Fund to the Advisor, and the overall profitability of the Advisor; |
• | possible economies of scale associated with the Advisor’s management of the Funds and other accounts under its management; |
• | the services provided and charges to other investment management clients of the Advisor |
• | acquired fund fees and expenses; and |
• | any collateral benefits derived by the Advisor from the management of the Funds. |
• | constructing and designing each Fund |
• | portfolio research and security selection |
• | initial capitalization/funding |
• | securities trading |
• | Fund administration |
• | custody of Fund assets |
• | daily valuation of each Fund’s portfolio |
• | shareholder servicing and transfer agency, including shareholder confirmations, recordkeeping, and communications |
• | legal services (except the independent Directors’ counsel) |
• | regulatory and portfolio compliance |
• | financial reporting |
• | marketing and distribution (except Rule 12b-1 plans) |
Additional Information |
One Choice In Retirement Portfolio | One Choice 2015 Portfolio | One Choice 2020 Portfolio | One Choice 2025 Portfolio | One Choice 2030 Portfolio |
$3,790,183 | $11,972,530 | $11,248,125 | $19,943,507 | $11,673,632 |
One Choice 2035 Portfolio | One Choice 2040 Portfolio | One Choice 2045 Portfolio | One Choice 2050 Portfolio | One Choice 2055 Portfolio |
$16,685,898 | $9,593,404 | $12,966,260 | $5,404,343 | $950,134 |
One Choice In Retirement Portfolio | One Choice 2015 Portfolio | One Choice 2020 Portfolio | One Choice 2025 Portfolio | One Choice 2030 Portfolio |
$480,134 | $1,189,811 | $326,187 | $721,362 | $228,933 |
One Choice 2035 Portfolio | One Choice 2040 Portfolio | One Choice 2045 Portfolio | One Choice 2050 Portfolio | One Choice 2055 Portfolio |
$415,302 | $241,253 | $209,821 | $129,762 | $32,381 |
One Choice In Retirement Portfolio | One Choice 2015 Portfolio | One Choice 2020 Portfolio | One Choice 2025 Portfolio | One Choice 2030 Portfolio |
$6,278,839 | $17,399,487 | $8,118,107 | $17,873,524 | $8,404,245 |
One Choice 2035 Portfolio | One Choice 2040 Portfolio | One Choice 2045 Portfolio | One Choice 2050 Portfolio | One Choice 2055 Portfolio |
$14,298,263 | $6,129,116 | $9,940,285 | $3,346,492 | $297,313 |
Foreign Tax Credit | Foreign Source Income | |||||||
Amount | Per Outstanding Share | Amount | Per Outstanding Share | |||||
One Choice In Retirement Portfolio | $ | 47,600 | 0.0010 | $ | 386,192 | 0.0080 | ||
One Choice 2015 Portfolio | $ | 108,916 | 0.0012 | $ | 876,289 | 0.0095 | ||
One Choice 2020 Portfolio | $ | 130,361 | 0.0012 | $ | 1,022,636 | 0.0093 | ||
One Choice 2025 Portfolio | $ | 264,042 | 0.0018 | $ | 2,036,222 | 0.0137 | ||
One Choice 2030 Portfolio | $ | 184,565 | 0.0017 | $ | 1,422,801 | 0.0133 | ||
One Choice 2035 Portfolio | $ | 278,717 | 0.0026 | $ | 2,134,569 | 0.0197 | ||
One Choice 2040 Portfolio | $ | 161,284 | 0.0021 | $ | 1,225,359 | 0.0163 | ||
One Choice 2045 Portfolio | $ | 215,239 | 0.0029 | $ | 1,615,909 | 0.0217 | ||
One Choice 2050 Portfolio | $ | 89,111 | 0.0022 | $ | 659,180 | 0.0159 | ||
One Choice 2055 Portfolio | $ | 15,058 | 0.0016 | $ | 110,566 | 0.0119 |
One Choice In Retirement Portfolio | One Choice 2015 Portfolio | One Choice 2020 Portfolio | One Choice 2025 Portfolio | One Choice 2030 Portfolio |
$1,665,858 | $4,765,036 | — | — | — |
One Choice 2035 Portfolio | One Choice 2040 Portfolio | One Choice 2045 Portfolio | One Choice 2050 Portfolio | One Choice 2055 Portfolio |
— | — | — | — | — |
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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. | ||
©2014 American Century Proprietary Holdings, Inc. All rights reserved. CL-ANN-83138 1409 |
ANNUAL REPORT | JULY 31, 2014 |
Table of Contents |
President's Letter | |
Performance | |
Portfolio Commentary | |
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 | |
Report of Independent Registered Public Accounting Firm | |
Management | |
Approval of Management Agreement | |
Additional Information |
President’s Letter |
![]() | Dear Investor: Thank you for reviewing this annual report for the 12 months ended July 31, 2014. It provides investment performance and portfolio information for the reporting period, plus longer-term historical performance data. Annual reports remain important vehicles for conveying information about fund returns, including market and economic factors that affected performance during the reporting period. For additional, updated investment and market insights, we encourage you to visit our website, americancentury.com. |
Jonathan Thomas |
Performance |
Total Returns as of July 31, 2014 | ||||
Average Annual Returns | ||||
Ticker Symbol | 1 year | Since Inception | Inception Date | |
One Choice In Retirement Portfolio R6 - R6 Class | ARDTX | 8.46% | 8.46% | 7/31/13 |
S&P Target Date Retirement Income Index(1) | — | 6.27% | 6.27% | — |
One Choice 2015 Portfolio R6 - R6 Class | ARNDX | 8.70% | 8.70% | 7/31/13 |
S&P Target Date To 2015 Index(1) | — | 7.68% | 7.68% | — |
One Choice 2020 Portfolio R6 - R6 Class | ARBDX | 9.24% | 9.24% | 7/31/13 |
S&P Target Date To 2020 Index(1) | — | 8.61% | 8.61% | — |
One Choice 2025 Portfolio R6 - R6 Class | ARWDX | 10.04% | 10.04% | 7/31/13 |
S&P Target Date To 2025 Index(1) | — | 9.47% | 9.47% | — |
One Choice 2030 Portfolio R6 - R6 Class | ARCUX | 10.48% | 10.48% | 7/31/13 |
S&P Target Date To 2030 Index(1) | — | 10.28% | 10.28% | — |
One Choice 2035 Portfolio R6 - R6 Class | ARLDX | 11.18% | 11.18% | 7/31/13 |
S&P Target Date To 2035 Index(1) | — | 11.08% | 11.08% | — |
One Choice 2040 Portfolio R6 - R6 Class | ARDUX | 12.13% | 12.13% | 7/31/13 |
S&P Target Date To 2040 Index(1) | — | 11.75% | 11.75% | — |
One Choice 2045 Portfolio R6 - R6 Class | ARDOX | 12.62% | 12.62% | 7/31/13 |
S&P Target Date To 2045 Index(1) | — | 12.36% | 12.36% | — |
One Choice 2050 Portfolio R6 - R6 Class | ARFEX | 12.88% | 12.88% | 7/31/13 |
S&P Target Date To 2050 Index(1) | — | 12.91% | 12.91% | — |
One Choice 2055 Portfolio R6 - R6 Class | AREUX | 13.22% | 13.22% | 7/31/13 |
S&P Target Date To 2055+ Index(1) | — | 13.48% | 13.48% | — |
Russell 3000 Index | — | 16.37% | 16.37% | — |
Barclays U.S. Aggregate Bond Index | — | 3.97% | 3.97% | — |
(1) Effective November 2014, the index will change from the Russell 3000 Index and the Barclays U.S. Aggregate Bond Index to the S&P Target Date indices, which the funds' investment advisor believes is more reflective of the funds' strategy. The funds' investment process will not change. |
Growth of $10,000 Over Life of One Choice In Retirement Portfolio R6 |
$10,000 investment made July 31, 2013 |
Value on July 31, 2014 | |
R6 Class — $10,846 | |
S&P Target Date Retirement Income Index — $10,627 | |
Russell 3000 Index — $11,637 | |
Barclays U.S. Aggregate Bond Index — $10,397 | |
Growth of $10,000 Over Life of One Choice 2015 Portfolio R6 |
$10,000 investment made July 31, 2013 |
Value on July 31, 2014 | |
R6 Class — $10,870 | |
S&P Target Date To 2015 Index — $10,768 | |
Russell 3000 Index — $11,637 | |
Barclays U.S. Aggregate Bond Index — $10,397 | |
Growth of $10,000 Over Life of One Choice 2020 Portfolio R6 |
$10,000 investment made July 31, 2013 |
Value on July 31, 2014 | |
R6 Class — $10,924 | |
S&P Target Date To 2020 Index — $10,861 | |
Russell 3000 Index — $11,637 | |
Barclays U.S. Aggregate Bond Index — $10,397 | |
Growth of $10,000 Over Life of One Choice 2025 Portfolio R6 |
$10,000 investment made July 31, 2013 |
Value on July 31, 2014 | |
R6 Class — $11,004 | |
S&P Target Date To 2025 Index — $10,947 | |
Russell 3000 Index — $11,637 | |
Barclays U.S. Aggregate Bond Index — $10,397 | |
Growth of $10,000 Over Life of One Choice 2030 Portfolio R6 |
$10,000 investment made July 31, 2013 |
Value on July 31, 2014 | |
R6 Class — $11,048 | |
S&P Target Date To 2030 Index — $11,028 | |
Russell 3000 Index — $11,637 | |
Barclays U.S. Aggregate Bond Index — $10,397 | |
Growth of $10,000 Over Life of One Choice 2035 Portfolio R6 |
$10,000 investment made July 31, 2013 |
Value on July 31, 2014 | |
R6 Class — $11,118 | |
S&P Target Date To 2035 Index — $11,108 | |
Russell 3000 Index — $11,637 | |
Barclays U.S. Aggregate Bond Index — $10,397 | |
Growth of $10,000 Over Life of One Choice 2040 Portfolio R6 |
$10,000 investment made July 31, 2013 |
Value on July 31, 2014 | |
R6 Class — $11,213 | |
S&P Target Date To 2040 Index — $11,175 | |
Russell 3000 Index — $11,637 | |
Barclays U.S. Aggregate Bond Index — $10,397 | |
Growth of $10,000 Over Life of One Choice 2045 Portfolio R6 |
$10,000 investment made July 31, 2013 |
Value on July 31, 2014 | |
R6 Class — $11,262 | |
S&P Target Date To 2045 Index — $11,236 | |
Russell 3000 Index — $11,637 | |
Barclays U.S. Aggregate Bond Index — $10,397 | |
Growth of $10,000 Over Life of One Choice 2050 Portfolio R6 |
$10,000 investment made July 31, 2013 |
Value on July 31, 2014 | |
R6 Class — $11,288 | |
S&P Target Date To 2050 Index — $11,291 | |
Russell 3000 Index — $11,637 | |
Barclays U.S. Aggregate Bond Index — $10,397 | |
Growth of $10,000 Over Life of One Choice 2055 Portfolio R6 |
$10,000 investment made July 31, 2013 |
Value on July 31, 2014 | |
R6 Class — $11,322 | |
S&P Target Date To 2055+ Index — $11,348 | |
Russell 3000 Index — $11,637 | |
Barclays U.S. Aggregate Bond Index — $10,397 | |
Total Annual Fund Operating Expenses | |
One Choice In Retirement Portfolio R6 — R6 Class | 0.52% |
One Choice 2015 Portfolio R6 — R6 Class | 0.53% |
One Choice 2020 Portfolio R6 — R6 Class | 0.55% |
One Choice 2025 Portfolio R6 — R6 Class | 0.57% |
One Choice 2030 Portfolio R6 — R6 Class | 0.59% |
One Choice 2035 Portfolio R6 — R6 Class | 0.61% |
One Choice 2040 Portfolio R6 — R6 Class | 0.64% |
One Choice 2045 Portfolio R6 — R6 Class | 0.67% |
One Choice 2050 Portfolio R6 — R6 Class | 0.68% |
One Choice 2055 Portfolio R6 — R6 Class | 0.69% |
Portfolio Commentary |
Portfolio Characteristics |
Underlying Fund Allocations(1) as a % of net assets as of July 31, 2014 | ||||||||||
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 | % | 3.0 | % | 3.0 | % | 3.0 | % | 3.2 | % |
NT Equity Growth Fund | 9.9 | % | 9.9 | % | 9.5 | % | 9.2 | % | 9.2 | % |
NT Growth Fund | 6.4 | % | 6.6 | % | 7.8 | % | 8.9 | % | 10.6 | % |
NT Heritage Fund | 2.5 | % | 2.6 | % | 3.6 | % | 4.5 | % | 5.0 | % |
NT Large Company Value Fund | 10.9 | % | 10.8 | % | 11.1 | % | 11.2 | % | 11.8 | % |
NT Mid Cap Value Fund | 4.0 | % | 4.1 | % | 4.8 | % | 5.5 | % | 5.2 | % |
NT Small Company Fund | 1.9 | % | 1.9 | % | 2.0 | % | 2.3 | % | 3.3 | % |
Real Estate Fund | 1.0 | % | 1.0 | % | 1.3 | % | 1.5 | % | 1.8 | % |
NT Emerging Markets Fund | — | 0.1 | % | 1.1 | % | 2.2 | % | 2.8 | % | |
NT International Growth Fund | 5.0 | % | 5.0 | % | 5.9 | % | 6.8 | % | 8.3 | % |
Total Equity | 44.6 | % | 45.0 | % | 50.1 | % | 55.1 | % | 61.2 | % |
Fixed Income | ||||||||||
High-Yield Fund | 3.8 | % | 3.8 | % | 3.7 | % | 3.4 | % | 3.1 | % |
Inflation-Adjusted Bond Fund | 1.5 | % | 1.7 | % | 3.0 | % | 4.2 | % | 5.0 | % |
NT Diversified Bond Fund | 26.8 | % | 26.8 | % | 25.6 | % | 24.6 | % | 22.1 | % |
Short Duration Inflation Protection Bond Fund | 6.2 | % | 5.9 | % | 4.4 | % | 2.8 | % | 1.3 | % |
International Bond Fund | 7.0 | % | 6.9 | % | 5.9 | % | 4.8 | % | 2.3 | % |
Total Fixed Income | 45.3 | % | 45.1 | % | 42.6 | % | 39.8 | % | 33.8 | % |
Premium Money Market Fund | 10.1 | % | 9.9 | % | 7.3 | % | 5.1 | % | 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 July 31, 2014 | ||||||||||
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 | % | 3.5 | % | 4.4 | % | 4.5 | % | 4.5 | % |
NT Equity Growth Fund | 9.3 | % | 10.1 | % | 10.3 | % | 10.2 | % | 10.7 | % |
NT Growth Fund | 12.5 | % | 13.5 | % | 14.4 | % | 14.7 | % | 15.2 | % |
NT Heritage Fund | 5.4 | % | 6.3 | % | 7.2 | % | 7.2 | % | 7.5 | % |
NT Large Company Value Fund | 12.5 | % | 13.5 | % | 14.4 | % | 14.9 | % | 15.4 | % |
NT Mid Cap Value Fund | 5.4 | % | 6.4 | % | 7.3 | % | 7.3 | % | 7.5 | % |
NT Small Company Fund | 4.2 | % | 4.1 | % | 3.9 | % | 4.6 | % | 5.0 | % |
Real Estate Fund | 2.0 | % | 2.3 | % | 2.5 | % | 2.8 | % | 3.0 | % |
NT Emerging Markets Fund | 3.4 | % | 4.2 | % | 5.3 | % | 6.1 | % | 6.5 | % |
NT International Growth Fund | 9.4 | % | 9.8 | % | 10.2 | % | 10.0 | % | 9.5 | % |
Total Equity | 67.3 | % | 73.7 | % | 79.9 | % | 82.3 | % | 84.8 | % |
Fixed Income | ||||||||||
High-Yield Fund | 2.8 | % | 2.4 | % | 2.0 | % | 1.7 | % | 1.5 | % |
Inflation-Adjusted Bond Fund | 5.5 | % | 4.8 | % | 4.0 | % | 3.5 | % | 3.0 | % |
NT Diversified Bond Fund | 19.5 | % | 16.8 | % | 14.1 | % | 12.5 | % | 10.7 | % |
Short Duration Inflation Protection Bond Fund | 0.1 | % | — | — | — | — | ||||
International Bond Fund | — | — | — | — | — | |||||
Total Fixed Income | 27.9 | % | 24.0 | % | 20.1 | % | 17.7 | % | 15.2 | % |
Premium Money Market Fund | 4.8 | % | 2.3 | % | — | — | — | |||
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. |
Shareholder Fee Examples |
Beginning Account Value 2/1/14 | Ending Account Value 7/31/14 | Expenses Paid During Period(1)2/1/14 - 7/31/14 | Annualized Expense Ratio(1) | Effective Expenses Paid During Period(2)2/1/14 - 7/31/14 | Effective Annualized Expense Ratio(2) | |
One Choice In Retirement Portfolio R6 | ||||||
Actual | ||||||
R6 Class | $1,000 | $1,048.40 | $0.00 | 0.00%(3) | $2.54 | 0.50% |
Hypothetical | ||||||
R6 Class | $1,000 | $1,024.80 | $0.00 | 0.00%(3) | $2.51 | 0.50% |
One Choice 2015 Portfolio R6 | ||||||
Actual | ||||||
R6 Class | $1,000 | $1,048.90 | $0.00 | 0.00%(3) | $2.54 | 0.50% |
Hypothetical | ||||||
R6 Class | $1,000 | $1,024.80 | $0.00 | 0.00%(3) | $2.51 | 0.50% |
One Choice 2020 Portfolio R6 | ||||||
Actual | ||||||
R6 Class | $1,000 | $1,052.80 | $0.00 | 0.00%(3) | $2.65 | 0.52% |
Hypothetical | ||||||
R6 Class | $1,000 | $1,024.80 | $0.00 | 0.00%(3) | $2.61 | 0.52% |
One Choice 2025 Portfolio R6 | ||||||
Actual | ||||||
R6 Class | $1,000 | $1,056.50 | $0.00 | 0.00%(3) | $2.75 | 0.54% |
Hypothetical | ||||||
R6 Class | $1,000 | $1,024.80 | $0.00 | 0.00%(3) | $2.71 | 0.54% |
One Choice 2030 Portfolio R6 | ||||||
Actual | ||||||
R6 Class | $1,000 | $1,058.40 | $0.00 | 0.00%(3) | $2.86 | 0.56% |
Hypothetical | ||||||
R6 Class | $1,000 | $1,024.80 | $0.00 | 0.00%(3) | $2.81 | 0.56% |
(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 181, 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 2/1/14 | Ending Account Value 7/31/14 | Expenses Paid During Period(1)2/1/14 - 7/31/14 | Annualized Expense Ratio(1) | Effective Expenses Paid During Period(2)2/1/14 - 7/31/14 | Effective Annualized Expense Ratio(2) | |
One Choice 2035 Portfolio R6 | ||||||
Actual | ||||||
R6 Class | $1,000 | $1,062.20 | $0.00 | 0.00%(3) | $2.97 | 0.58% |
Hypothetical | ||||||
R6 Class | $1,000 | $1,024.80 | $0.00 | 0.00%(3) | $2.91 | 0.58% |
One Choice 2040 Portfolio R6 | ||||||
Actual | ||||||
R6 Class | $1,000 | $1,066.90 | $0.00 | 0.00%(3) | $3.13 | 0.61% |
Hypothetical | ||||||
R6 Class | $1,000 | $1,024.80 | $0.00 | 0.00%(3) | $3.06 | 0.61% |
One Choice 2045 Portfolio R6 | ||||||
Actual | ||||||
R6 Class | $1,000 | $1,070.70 | $0.00 | 0.00%(3) | $3.29 | 0.64% |
Hypothetical | ||||||
R6 Class | $1,000 | $1,024.80 | $0.00 | 0.00%(3) | $3.21 | 0.64% |
One Choice 2050 Portfolio R6 | ||||||
Actual | ||||||
R6 Class | $1,000 | $1,072.70 | $0.00 | 0.00%(3) | $3.34 | 0.65% |
Hypothetical | ||||||
R6 Class | $1,000 | $1,024.80 | $0.00 | 0.00%(3) | $3.26 | 0.65% |
One Choice 2055 Portfolio R6 | ||||||
Actual | ||||||
R6 Class | $1,000 | $1,075.10 | $0.00 | 0.00%(3) | $3.45 | 0.67% |
Hypothetical | ||||||
R6 Class | $1,000 | $1,024.80 | $0.00 | 0.00%(3) | $3.36 | 0.67% |
(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 181, 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%. |
Schedules of Investments |
Shares | Value | ||||
MUTUAL FUNDS(1) — 100.0% | |||||
DOMESTIC EQUITY FUNDS — 39.6% | |||||
NT Core Equity Plus Fund Institutional Class | 22,075 | $ | 341,065 | ||
NT Equity Growth Fund Institutional Class | 88,264 | 1,136,842 | |||
NT Growth Fund R6 Class | 45,873 | 738,548 | |||
NT Heritage Fund R6 Class | 22,181 | 283,692 | |||
NT Large Company Value Fund R6 Class | 99,516 | 1,249,918 | |||
NT Mid Cap Value Fund R6 Class | 34,997 | 456,714 | |||
NT Small Company Fund Institutional Class | 21,653 | 225,405 | |||
Real Estate Fund R6 Class | 4,191 | 113,917 | |||
4,546,101 | |||||
DOMESTIC FIXED INCOME FUNDS — 38.3% | |||||
High-Yield Fund R6 Class | 71,538 | 438,528 | |||
Inflation-Adjusted Bond Fund Institutional Class | 14,485 | 173,671 | |||
NT Diversified Bond Fund R6 Class | 284,982 | 3,083,503 | |||
Short Duration Inflation Protection Bond Fund R6 Class | 68,003 | 707,909 | |||
4,403,611 | |||||
MONEY MARKET FUNDS — 10.1% | |||||
Premium Money Market Fund Investor Class | 1,161,123 | 1,161,123 | |||
INTERNATIONAL FIXED INCOME FUNDS — 7.0% | |||||
International Bond Fund R6 Class | 56,641 | 811,100 | |||
INTERNATIONAL EQUITY FUNDS — 5.0% | |||||
NT International Growth Fund R6 Class | 49,128 | 569,888 | |||
TOTAL INVESTMENT SECURITIES — 100.0% (Cost $11,219,196) | 11,491,823 | ||||
OTHER ASSETS AND LIABILITIES† | (3 | ) | |||
TOTAL NET ASSETS — 100.0% | $ | 11,491,820 |
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. |
Shares | Value | ||||
MUTUAL FUNDS(1) — 100.0% | |||||
DOMESTIC EQUITY FUNDS — 39.9% | |||||
NT Core Equity Plus Fund Institutional Class | 43,388 | $ | 670,352 | ||
NT Equity Growth Fund Institutional Class | 172,622 | 2,223,367 | |||
NT Growth Fund R6 Class | 91,803 | 1,478,022 | |||
NT Heritage Fund R6 Class | 45,839 | 586,277 | |||
NT Large Company Value Fund R6 Class | 194,543 | 2,443,455 | |||
NT Mid Cap Value Fund R6 Class | 71,134 | 928,293 | |||
NT Small Company Fund Institutional Class | 42,135 | 438,622 | |||
Real Estate Fund R6 Class | 8,554 | 232,502 | |||
9,000,890 | |||||
DOMESTIC FIXED INCOME FUNDS — 38.2% | |||||
High-Yield Fund R6 Class | 139,095 | 852,650 | |||
Inflation-Adjusted Bond Fund Institutional Class | 31,336 | 375,716 | |||
NT Diversified Bond Fund R6 Class | 557,704 | 6,034,357 | |||
Short Duration Inflation Protection Bond Fund R6 Class | 128981 | 1,342,696 | |||
8,605,419 | |||||
MONEY MARKET FUNDS — 9.9% | |||||
Premium Money Market Fund Investor Class | 2,223,050 | 2,223,050 | |||
INTERNATIONAL FIXED INCOME FUNDS — 6.9% | |||||
International Bond Fund R6 Class | 108,782 | 1,557,755 | |||
INTERNATIONAL EQUITY FUNDS — 5.1% | |||||
NT Emerging Markets Fund R6 Class | 2,723 | 30,011 | |||
NT International Growth Fund R6 Class | 96,149 | 1,115,333 | |||
1,145,344 | |||||
TOTAL INVESTMENT SECURITIES — 100.0% (Cost $22,027,280) | 22,532,458 | ||||
OTHER ASSETS AND LIABILITIES† | (7 | ) | |||
TOTAL NET ASSETS — 100.0% | $ | 22,532,451 |
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. |
Shares | Value | ||||
MUTUAL FUNDS(1) — 100.0% | |||||
DOMESTIC EQUITY FUNDS — 43.1% | |||||
NT Core Equity Plus Fund Institutional Class | 80,923 | $ | 1,250,258 | ||
NT Equity Growth Fund Institutional Class | 310,945 | 4,004,969 | |||
NT Growth Fund R6 Class | 203,907 | 3,282,909 | |||
NT Heritage Fund R6 Class | 118,458 | 1,515,078 | |||
NT Large Company Value Fund R6 Class | 372,212 | 4,674,979 | |||
NT Mid Cap Value Fund R6 Class | 156,882 | 2,047,314 | |||
NT Small Company Fund Institutional Class | 79,519 | 827,789 | |||
Real Estate Fund R6 Class | 19,666 | 534,525 | |||
18,137,821 | |||||
DOMESTIC FIXED INCOME FUNDS — 36.7% | |||||
High-Yield Fund R6 Class | 251,715 | 1,543,011 | |||
Inflation-Adjusted Bond Fund Institutional Class | 105,671 | 1,266,992 | |||
NT Diversified Bond Fund R6 Class | 997,298 | 10,790,760 | |||
Short Duration Inflation Protection Bond Fund R6 Class | 175,991 | 1,832,065 | |||
15,432,828 | |||||
MONEY MARKET FUNDS — 7.3% | |||||
Premium Money Market Fund Investor Class | 3,082,320 | 3,082,320 | |||
INTERNATIONAL EQUITY FUNDS — 7.0% | |||||
NT Emerging Markets Fund R6 Class | 42,826 | 471,944 | |||
NT International Growth Fund R6 Class | 211,793 | 2,456,800 | |||
2,928,744 | |||||
INTERNATIONAL FIXED INCOME FUNDS — 5.9% | |||||
International Bond Fund R6 Class | 174,880 | 2,504,281 | |||
TOTAL INVESTMENT SECURITIES — 100.0% (Cost $41,179,445) | 42,085,994 | ||||
OTHER ASSETS AND LIABILITIES† | (13 | ) | |||
TOTAL NET ASSETS — 100.0% | $ | 42,085,981 |
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. |
Shares | Value | ||||
MUTUAL FUNDS(1) — 100.0% | |||||
DOMESTIC EQUITY FUNDS — 46.1% | |||||
NT Core Equity Plus Fund Institutional Class | 78,539 | $ | 1,213,420 | ||
NT Equity Growth Fund Institutional Class | 289,507 | 3,728,846 | |||
NT Growth Fund R6 Class | 225,508 | 3,630,686 | |||
NT Heritage Fund R6 Class | 142,198 | 1,818,718 | |||
NT Large Company Value Fund R6 Class | 364,942 | 4,583,666 | |||
NT Mid Cap Value Fund R6 Class | 171,382 | 2,236,541 | |||
NT Small Company Fund Institutional Class | 91,566 | 953,203 | |||
Real Estate Fund R6 Class | 22,729 | 617,785 | |||
18,782,865 | |||||
DOMESTIC FIXED INCOME FUNDS — 35.0% | |||||
High-Yield Fund R6 Class | 230,593 | 1,413,533 | |||
Inflation-Adjusted Bond Fund Institutional Class | 141,959 | 1,702,086 | |||
NT Diversified Bond Fund R6 Class | 925,631 | 10,015,327 | |||
Short Duration Inflation Protection Bond Fund R6 Class | 110,036 | 1,145,472 | |||
14,276,418 | |||||
INTERNATIONAL EQUITY FUNDS — 9.0% | |||||
NT Emerging Markets Fund R6 Class | 82,828 | 912,767 | |||
NT International Growth Fund R6 Class | 239,585 | 2,779,189 | |||
3,691,956 | |||||
MONEY MARKET FUNDS — 5.1% | |||||
Premium Money Market Fund Investor Class | 2,065,570 | 2,065,570 | |||
INTERNATIONAL FIXED INCOME FUNDS — 4.8% | |||||
International Bond Fund R6 Class | 136,056 | 1,948,325 | |||
TOTAL INVESTMENT SECURITIES — 100.0% (Cost $39,967,540) | 40,765,134 | ||||
OTHER ASSETS AND LIABILITIES† | (12 | ) | |||
TOTAL NET ASSETS — 100.0% | $ | 40,765,122 |
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. |
Shares | Value | ||||
MUTUAL FUNDS(1) — 100.0% | |||||
DOMESTIC EQUITY FUNDS — 50.1% | |||||
NT Core Equity Plus Fund Institutional Class | 75,754 | $ | 1,170,394 | ||
NT Equity Growth Fund Institutional Class | 258,457 | 3,328,930 | |||
NT Growth Fund R6 Class | 240,017 | 3,864,280 | |||
NT Heritage Fund R6 Class | 140,532 | 1,797,401 | |||
NT Large Company Value Fund R6 Class | 339,981 | 4,270,159 | |||
NT Mid Cap Value Fund R6 Class | 145,417 | 1,897,697 | |||
NT Small Company Fund Institutional Class | 115,883 | 1,206,339 | |||
Real Estate Fund R6 Class | 23,856 | 648,411 | |||
18,183,611 | |||||
DOMESTIC FIXED INCOME FUNDS — 31.5% | |||||
High-Yield Fund R6 Class | 182,788 | 1,120,492 | |||
Inflation-Adjusted Bond Fund Institutional Class | 150,889 | 1,809,164 | |||
NT Diversified Bond Fund R6 Class | 739,693 | 8,003,477 | |||
Short Duration Inflation Protection Bond Fund R6 Class | 46,763 | 486,806 | |||
11,419,939 | |||||
INTERNATIONAL EQUITY FUNDS — 11.1% | |||||
NT Emerging Markets Fund R6 Class | 90,138 | 993,317 | |||
NT International Growth Fund R6 Class | 260,741 | 3,024,600 | |||
4,017,917 | |||||
MONEY MARKET FUNDS — 5.0% | |||||
Premium Money Market Fund Investor Class | 1,831,204 | 1,831,204 | |||
INTERNATIONAL FIXED INCOME FUNDS — 2.3% | |||||
International Bond Fund R6 Class | 57,554 | 824,174 | |||
TOTAL INVESTMENT SECURITIES — 100.0% (Cost $35,377,296) | 36,276,845 | ||||
OTHER ASSETS AND LIABILITIES† | (10 | ) | |||
TOTAL NET ASSETS — 100.0% | $ | 36,276,835 |
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. |
Shares | Value | ||||
MUTUAL FUNDS(1) — 100.0% | |||||
DOMESTIC EQUITY FUNDS — 54.5% | |||||
NT Core Equity Plus Fund Institutional Class | 65,601 | $ | 1,013,529 | ||
NT Equity Growth Fund Institutional Class | 227,111 | 2,925,187 | |||
NT Growth Fund R6 Class | 244,768 | 3,940,772 | |||
NT Heritage Fund R6 Class | 131,469 | 1,681,487 | |||
NT Large Company Value Fund R6 Class | 313,383 | 3,936,084 | |||
NT Mid Cap Value Fund R6 Class | 129,670 | 1,692,194 | |||
NT Small Company Fund Institutional Class | 126,130 | 1,313,009 | |||
Real Estate Fund R6 Class | 23,413 | 636,360 | |||
17,138,622 | |||||
DOMESTIC FIXED INCOME FUNDS — 27.9% | |||||
High-Yield Fund R6 Class | 141,540 | 867,638 | |||
Inflation-Adjusted Bond Fund Institutional Class | 144,059 | 1,727,264 | |||
NT Diversified Bond Fund R6 Class | 567,799 | 6,143,587 | |||
Short Duration Inflation Protection Bond Fund R6 Class | 3,021 | 31,450 | |||
8,769,939 | |||||
INTERNATIONAL EQUITY FUNDS — 12.8% | |||||
NT Emerging Markets Fund R6 Class | 95,666 | 1,054,236 | |||
NT International Growth Fund R6 Class | 256168 | 2,971,553 | |||
4,025,789 | |||||
MONEY MARKET FUNDS — 4.8% | |||||
Premium Money Market Fund Investor Class | 1,518,408 | 1,518,408 | |||
TOTAL INVESTMENT SECURITIES — 100.0% (Cost $30,798,902) | 31,452,758 | ||||
OTHER ASSETS AND LIABILITIES† | (8 | ) | |||
TOTAL NET ASSETS — 100.0% | $ | 31,452,750 |
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. |
Shares | Value | ||||
MUTUAL FUNDS(1) — 100.0% | |||||
DOMESTIC EQUITY FUNDS — 59.7% | |||||
NT Core Equity Plus Fund Institutional Class | 62,739 | $ | 969,325 | ||
NT Equity Growth Fund Institutional Class | 217,325 | 2,799,143 | |||
NT Growth Fund R6 Class | 234,127 | 3,769,452 | |||
NT Heritage Fund R6 Class | 137,716 | 1,761,383 | |||
NT Large Company Value Fund R6 Class | 299,738 | 3,764,709 | |||
NT Mid Cap Value Fund R6 Class | 136,552 | 1,782,005 | |||
NT Small Company Fund Institutional Class | 109,230 | 1,137,089 | |||
Real Estate Fund R6 Class | 23,296 | 633,188 | |||
16,616,294 | |||||
DOMESTIC FIXED INCOME FUNDS — 24.0% | |||||
High-Yield Fund R6 Class | 108,385 | 664,402 | |||
Inflation-Adjusted Bond Fund Institutional Class | 111,394 | 1,335,620 | |||
NT Diversified Bond Fund R6 Class | 433,718 | 4,692,825 | |||
6,692,847 | |||||
INTERNATIONAL EQUITY FUNDS — 14.0% | |||||
NT Emerging Markets Fund R6 Class | 106,591 | 1,174,629 | |||
NT International Growth Fund R6 Class | 236,014 | 2,737,767 | |||
3,912,396 | |||||
MONEY MARKET FUNDS — 2.3% | |||||
Premium Money Market Fund Investor Class | 637,624 | 637,624 | |||
TOTAL INVESTMENT SECURITIES — 100.0% (Cost $27,249,951) | 27,859,161 | ||||
OTHER ASSETS AND LIABILITIES† | (6 | ) | |||
TOTAL NET ASSETS — 100.0% | $ | 27,859,155 |
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. |
Shares | Value | ||||
MUTUAL FUNDS(1) — 100.0% | |||||
DOMESTIC EQUITY FUNDS — 64.4% | |||||
NT Core Equity Plus Fund Institutional Class | 64,087 | $ | 990,139 | ||
NT Equity Growth Fund Institutional Class | 180,559 | 2,325,601 | |||
NT Growth Fund R6 Class | 203,257 | 3,272,430 | |||
NT Heritage Fund R6 Class | 128,073 | 1,638,051 | |||
NT Large Company Value Fund R6 Class | 260,625 | 3,273,446 | |||
NT Mid Cap Value Fund R6 Class | 126,420 | 1,649,783 | |||
NT Small Company Fund Institutional Class | 85,948 | 894,716 | |||
Real Estate Fund R6 Class | 21,109 | 573,749 | |||
14,617,915 | |||||
DOMESTIC FIXED INCOME FUNDS — 20.1% | |||||
High-Yield Fund R6 Class | 74,182 | 454,735 | |||
Inflation-Adjusted Bond Fund Institutional Class | 75,991 | 911,134 | |||
NT Diversified Bond Fund R6 Class | 296,244 | 3,205,361 | |||
4,571,230 | |||||
INTERNATIONAL EQUITY FUNDS — 15.5% | |||||
NT Emerging Markets Fund R6 Class | 107,799 | 1,187,941 | |||
NT International Growth Fund R6 Class | 200,079 | 2,320,911 | |||
3,508,852 | |||||
TOTAL INVESTMENT SECURITIES — 100.0% (Cost $22,112,849) | 22,697,997 | ||||
OTHER ASSETS AND LIABILITIES† | (3 | ) | |||
TOTAL NET ASSETS — 100.0% | $ | 22,697,994 |
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. |
Shares | Value | ||||
MUTUAL FUNDS(1) — 100.0% | |||||
DOMESTIC EQUITY FUNDS — 66.2% | |||||
NT Core Equity Plus Fund Institutional Class | 49,286 | $ | 761,466 | ||
NT Equity Growth Fund Institutional Class | 134,417 | 1,731,289 | |||
NT Growth Fund R6 Class | 155,029 | 2,495,964 | |||
NT Heritage Fund R6 Class | 96,016 | 1,228,039 | |||
NT Large Company Value Fund R6 Class | 201,735 | 2,533,786 | |||
NT Mid Cap Value Fund R6 Class | 94,665 | 1,235,380 | |||
NT Small Company Fund Institutional Class | 74,654 | 777,147 | |||
Real Estate Fund R6 Class | 17,339 | 471,269 | |||
11,234,340 | |||||
DOMESTIC FIXED INCOME FUNDS — 17.7% | |||||
High-Yield Fund R6 Class | 48,584 | 297,817 | |||
Inflation-Adjusted Bond Fund Institutional Class | 49,691 | 595,797 | |||
NT Diversified Bond Fund R6 Class | 196,020 | 2,120,938 | |||
3,014,552 | |||||
INTERNATIONAL EQUITY FUNDS — 16.1% | |||||
NT Emerging Markets Fund R6 Class | 94,247 | 1,038,606 | |||
NT International Growth Fund R6 Class | 146,022 | 1,693,860 | |||
2,732,466 | |||||
TOTAL INVESTMENT SECURITIES — 100.0% (Cost $16,564,156) | 16,981,358 | ||||
OTHER ASSETS AND LIABILITIES† | (3 | ) | |||
TOTAL NET ASSETS — 100.0% | $ | 16,981,355 |
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. |
Shares | Value | ||||
MUTUAL FUNDS(1) — 100.0% | |||||
DOMESTIC EQUITY FUNDS — 68.8% | |||||
NT Core Equity Plus Fund Institutional Class | 20,943 | $ | 323,577 | ||
NT Equity Growth Fund Institutional Class | 59,977 | 772,510 | |||
NT Growth Fund R6 Class | 68,043 | 1,095,494 | |||
NT Heritage Fund R6 Class | 42,096 | 538,409 | |||
NT Large Company Value Fund R6 Class | 88,640 | 1,113,313 | |||
NT Mid Cap Value Fund R6 Class | 41,492 | 541,468 | |||
NT Small Company Fund Institutional Class | 34,257 | 356,616 | |||
Real Estate Fund R6 Class | 7,967 | 216,545 | |||
4,957,932 | |||||
INTERNATIONAL EQUITY FUNDS — 16.0% | |||||
NT Emerging Markets Fund R6 Class | 42,431 | 467,587 | |||
NT International Growth Fund R6 Class | 59,018 | 684,614 | |||
1,152,201 | |||||
DOMESTIC FIXED INCOME FUNDS — 15.2% | |||||
High-Yield Fund R6 Class | 17,889 | 109,662 | |||
Inflation-Adjusted Bond Fund Institutional Class | 18,338 | 219,871 | |||
NT Diversified Bond Fund R6 Class | 71,069 | 768,963 | |||
1,098,496 | |||||
TOTAL INVESTMENT SECURITIES — 100.0% (Cost $7,001,437) | 7,208,629 | ||||
OTHER ASSETS AND LIABILITIES† | (1 | ) | |||
TOTAL NET ASSETS — 100.0% | $ | 7,208,628 |
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. |
Statements of Assets and Liabilities |
JULY 31, 2014 | |||||||||
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 $11,219,196, $22,027,280 and $41,179,445, respectively) | $ | 11,491,823 | $ | 22,532,458 | $ | 42,085,994 | |||
Receivable for investments sold | — | — | 27,714 | ||||||
Receivable for capital shares sold | 34,126 | 464 | 8,457 | ||||||
Distributions receivable from affiliates | 7,389 | 14,544 | 25,992 | ||||||
11,533,338 | 22,547,466 | 42,148,157 | |||||||
Liabilities | |||||||||
Payable for investments purchased | 30,016 | 15,015 | 26,005 | ||||||
Payable for capital shares redeemed | 11,502 | — | 36,171 | ||||||
41,518 | 15,015 | 62,176 | |||||||
Net Assets | $ | 11,491,820 | $ | 22,532,451 | $ | 42,085,981 | |||
R6 Class Capital Shares, $0.01 Par Value | |||||||||
Shares outstanding | 1,082,097 | 2,102,190 | 3,908,790 | ||||||
Net Asset Value Per Share | $ | 10.62 | $ | 10.72 | $ | 10.77 | |||
Net Assets Consist of: | |||||||||
Capital (par value and paid-in surplus) | $ | 11,128,963 | $ | 21,834,166 | $ | 40,706,484 | |||
Undistributed net investment income | 10,406 | 128,291 | 237,544 | ||||||
Undistributed net realized gain | 79,824 | 64,816 | 235,404 | ||||||
Net unrealized appreciation | 272,627 | 505,178 | 906,549 | ||||||
$ | 11,491,820 | $ | 22,532,451 | $ | 42,085,981 |
JULY 31, 2014 | |||||||||
One Choice 2025 Portfolio R6 | One Choice 2030 Portfolio R6 | One Choice 2035 Portfolio R6 | |||||||
Assets | |||||||||
Investment securities in affiliates, at value (cost of $39,967,540, $35,377,296 and $30,798,902, respectively) | $ | 40,765,134 | $ | 36,276,845 | $ | 31,452,758 | |||
Receivable for capital shares sold | 18,981 | 78,077 | 16,362 | ||||||
Distributions receivable from affiliates | 23,577 | 19,057 | 14,685 | ||||||
40,807,692 | 36,373,979 | 31,483,805 | |||||||
Liabilities | |||||||||
Payable for investments purchased | 42,084 | 97,144 | 31,026 | ||||||
Payable for capital shares redeemed | 486 | — | 29 | ||||||
42,570 | 97,144 | 31,055 | |||||||
Net Assets | $ | 40,765,122 | $ | 36,276,835 | $ | 31,452,750 | |||
R6 Class Capital Shares, $0.01 Par Value | |||||||||
Shares outstanding | 3,758,135 | 3,333,971 | 2,877,618 | ||||||
Net Asset Value Per Share | $ | 10.85 | $ | 10.88 | $ | 10.93 | |||
Net Assets Consist of: | |||||||||
Capital (par value and paid-in surplus) | $ | 39,576,404 | $ | 34,934,550 | $ | 30,411,228 | |||
Undistributed net investment income | 209,742 | 191,863 | 152,329 | ||||||
Undistributed net realized gain | 181,382 | 250,873 | 235,337 | ||||||
Net unrealized appreciation | 797,594 | 899,549 | 653,856 | ||||||
$ | 40,765,122 | $ | 36,276,835 | $ | 31,452,750 |
JULY 31, 2014 | |||||||||
One Choice 2040 Portfolio R6 | One Choice 2045 Portfolio R6 | One Choice 2050 Portfolio R6 | |||||||
Assets | |||||||||
Investment securities in affiliates, at value (cost of $27,249,951, $22,112,849 and $16,564,156, respectively) | $ | 27,859,161 | $ | 22,697,997 | $ | 16,981,358 | |||
Receivable for capital shares sold | 11,196 | 14,755 | 6,461 | ||||||
Distributions receivable from affiliates | 10,918 | 7,655 | 5,082 | ||||||
27,881,275 | 22,720,407 | 16,992,901 | |||||||
Liabilities | |||||||||
Payable for investments purchased | 22,100 | 22,413 | 11,537 | ||||||
Payable for capital shares redeemed | 20 | — | 9 | ||||||
22,120 | 22,413 | 11,546 | |||||||
Net Assets | $ | 27,859,155 | $ | 22,697,994 | $ | 16,981,355 | |||
R6 Class Capital Shares, $0.01 Par Value | |||||||||
Shares outstanding | 2,531,451 | 2,051,378 | 1,534,086 | ||||||
Net Asset Value Per Share | $ | 11.01 | $ | 11.06 | $ | 11.07 | |||
Net Assets Consist of: | |||||||||
Capital (par value and paid-in surplus) | $ | 26,880,705 | $ | 21,821,000 | $ | 16,349,426 | |||
Undistributed net investment income | 124,382 | 101,219 | 70,188 | ||||||
Undistributed net realized gain | 244,858 | 190,627 | 144,539 | ||||||
Net unrealized appreciation | 609,210 | 585,148 | 417,202 | ||||||
$ | 27,859,155 | $ | 22,697,994 | $ | 16,981,355 |
JULY 31, 2014 | |||
One Choice 2055 Portfolio R6 | |||
Assets | |||
Investment securities in affiliates, at value (cost of $7,001,437) | $ | 7,208,629 | |
Receivable for capital shares sold | 31,210 | ||
Distributions receivable from affiliates | 1,755 | ||
7,241,594 | |||
Liabilities | |||
Payable for investments purchased | 32,379 | ||
Payable for capital shares redeemed | 587 | ||
32,966 | |||
Net Assets | $ | 7,208,628 | |
R6 Class Capital Shares, $0.01 Par Value | |||
Shares outstanding | 646,087 | ||
Net Asset Value Per Share | $ | 11.16 | |
Net Assets Consist of: | |||
Capital (par value and paid-in surplus) | $ | 6,969,066 | |
Undistributed net investment income | 26,629 | ||
Undistributed net realized gain | 5,741 | ||
Net unrealized appreciation | 207,192 | ||
$ | 7,208,628 |
Statements of Operations |
YEAR ENDED JULY 31, 2014 | |||||||||
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 | $ | 142,240 | $ | 221,909 | $ | 532,290 | |||
Expenses: | |||||||||
Directors' fees and expenses | 184 | 325 | 630 | ||||||
Net investment income (loss) | 142,056 | 221,584 | 531,660 | ||||||
Net Realized and Unrealized Gain (Loss) on Affiliates | |||||||||
Net realized gain (loss) on: | |||||||||
Sale of investments in underlying funds | (14,968 | ) | (61,772 | ) | (185,659 | ) | |||
Capital gain distributions received from underlying funds | 94,792 | 126,588 | 421,063 | ||||||
79,824 | 64,816 | 235,404 | |||||||
Change in net unrealized appreciation (depreciation) on investments in underlying funds | 272,627 | 505,178 | 906,549 | ||||||
Net realized and unrealized gain (loss) on affiliates | 352,451 | 569,994 | 1,141,953 | ||||||
Net Increase (Decrease) in Net Assets Resulting from Operations | $ | 494,507 | $ | 791,578 | $ | 1,673,613 |
YEAR ENDED JULY 31, 2014 | |||||||||
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 | $ | 368,007 | $ | 387,067 | $ | 313,594 | |||
Expenses: | |||||||||
Directors' fees and expenses | 507 | 510 | 400 | ||||||
Net investment income (loss) | 367,500 | 386,557 | 313,194 | ||||||
Net Realized and Unrealized Gain (Loss) on Affiliates | |||||||||
Net realized gain (loss) on: | |||||||||
Sale of investments in underlying funds | (54,862 | ) | (53,056 | ) | (26,399 | ) | |||
Capital gain distributions received from underlying funds | 236,244 | 303,929 | 261,736 | ||||||
181,382 | 250,873 | 235,337 | |||||||
Change in net unrealized appreciation (depreciation) on investments in underlying funds | 797,594 | 899,549 | 653,856 | ||||||
Net realized and unrealized gain (loss) on affiliates | 978,976 | 1,150,422 | 889,193 | ||||||
Net Increase (Decrease) in Net Assets Resulting from Operations | $ | 1,346,476 | $ | 1,536,979 | $ | 1,202,387 |
YEAR ENDED JULY 31, 2014 | |||||||||
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 | $ | 288,332 | $ | 226,442 | $ | 165,857 | |||
Expenses: | |||||||||
Directors' fees and expenses | 356 | 298 | 222 | ||||||
Net investment income (loss) | 287,976 | 226,144 | 165,635 | ||||||
Net Realized and Unrealized Gain (Loss) on Affiliates | |||||||||
Net realized gain (loss) on: | |||||||||
Sale of investments in underlying funds | (24,677 | ) | (19,271 | ) | (13,302 | ) | |||
Capital gain distributions received from underlying funds | 269,535 | 209,898 | 157,841 | ||||||
244,858 | 190,627 | 144,539 | |||||||
Change in net unrealized appreciation (depreciation) on investments in underlying funds | 609,210 | 585,148 | 417,202 | ||||||
Net realized and unrealized gain (loss) on affiliates | 854,068 | 775,775 | 561,741 | ||||||
Net Increase (Decrease) in Net Assets Resulting from Operations | $ | 1,142,044 | $ | 1,001,919 | $ | 727,376 |
YEAR ENDED JULY 31, 2014 | |||
One Choice 2055 Portfolio R6 | |||
Investment Income (Loss) | |||
Income from Affiliates: | |||
Income distributions from underlying funds | $ | 31,384 | |
Expenses: | |||
Directors' fees and expenses | 74 | ||
Net investment income (loss) | 31,310 | ||
Net Realized and Unrealized Gain (Loss) on Affiliates | |||
Net realized gain (loss) on: | |||
Sale of investments in underlying funds | (1,960 | ) | |
Capital gain distributions received from underlying funds | 7,701 | ||
5,741 | |||
Change in net unrealized appreciation (depreciation) on investments in underlying funds | 207,192 | ||
Net realized and unrealized gain (loss) on affiliates | 212,933 | ||
Net Increase (Decrease) in Net Assets Resulting from Operations | $ | 244,243 |
Statements of Changes in Net Assets |
YEAR ENDED JULY 31, 2014 AND PERIOD ENDED JULY 31, 2013 | ||||||||||||
One Choice In Retirement Portfolio R6 | One Choice 2015 Portfolio R6 | |||||||||||
Increase (Decrease) in Net Assets | July 31, 2014 | July 31, 2013(1) | July 31, 2014 | July 31, 2013(1) | ||||||||
Operations | ||||||||||||
Net investment income (loss) | $ | 142,056 | — | $ | 221,584 | — | ||||||
Net realized gain (loss) | 79,824 | — | 64,816 | — | ||||||||
Change in net unrealized appreciation (depreciation) | 272,627 | — | 505,178 | — | ||||||||
Net increase (decrease) in net assets resulting from operations | 494,507 | — | 791,578 | — | ||||||||
Distributions to Shareholders | ||||||||||||
From net investment income | (131,650) | — | (93,293) | — | ||||||||
Capital Share Transactions | ||||||||||||
Proceeds from shares sold | 13,246,418 | $ | 25,000 | 27,352,174 | $ | 25,000 | ||||||
Proceeds from reinvestment of distributions | 131,650 | — | 93,293 | — | ||||||||
Payments for shares redeemed | (2,274,105) | — | (5,636,301) | — | ||||||||
Net increase (decrease) in net assets from capital share transactions | 11,103,963 | 25,000 | 21,809,166 | 25,000 | ||||||||
Net increase (decrease) in net assets | 11,466,820 | 25,000 | 22,507,451 | 25,000 | ||||||||
Net Assets | ||||||||||||
Beginning of period | 25,000 | — | 25,000 | — | ||||||||
End of period | $ | 11,491,820 | $ | 25,000 | $ | 22,532,451 | $ | 25,000 | ||||
Undistributed net investment income | $ | 10,406 | — | $ | 128,291 | — | ||||||
Transactions in Shares of the Funds | ||||||||||||
Sold | 1,283,610 | 2,500 | 2,630,332 | 2,500 | ||||||||
Issued in reinvestment of distributions | 12,633 | — | 9,049 | — | ||||||||
Redeemed | (216,646) | — | (539,691) | — | ||||||||
Net increase (decrease) in shares of the funds | 1,079,597 | 2,500 | 2,099,690 | 2,500 |
(1) | For the one day period ended July 31, 2013 (fund inception). |
YEAR ENDED JULY 31, 2014 AND PERIOD ENDED JULY 31, 2013 | ||||||||||||
One Choice 2020 Portfolio R6 | One Choice 2025 Portfolio R6 | |||||||||||
Increase (Decrease) in Net Assets | July 31, 2014 | July 31, 2013(1) | July 31, 2014 | July 31, 2013(1) | ||||||||
Operations | ||||||||||||
Net investment income (loss) | $ | 531,660 | — | $ | 367,500 | — | ||||||
Net realized gain (loss) | 235,404 | — | 181,382 | — | ||||||||
Change in net unrealized appreciation (depreciation) | 906,549 | — | 797,594 | — | ||||||||
Net increase (decrease) in net assets resulting from operations | 1,673,613 | — | 1,346,476 | — | ||||||||
Distributions to Shareholders | ||||||||||||
From net investment income | (294,116) | — | (157,758) | — | ||||||||
Capital Share Transactions | ||||||||||||
Proceeds from shares sold | 49,949,965 | $ | 25,000 | 43,877,013 | $ | 25,000 | ||||||
Proceeds from reinvestment of distributions | 294,116 | — | 157,758 | — | ||||||||
Payments for shares redeemed | (9,562,597) | — | (4,483,367) | — | ||||||||
Net increase (decrease) in net assets from capital share transactions | 40,681,484 | 25,000 | 39,551,404 | 25,000 | ||||||||
Net increase (decrease) in net assets | 42,060,981 | 25,000 | 40,740,122 | 25,000 | ||||||||
Net Assets | ||||||||||||
Beginning of period | 25,000 | — | 25,000 | — | ||||||||
End of period | $ | 42,085,981 | $ | 25,000 | $ | 40,765,122 | $ | 25,000 | ||||
Undistributed net investment income | $ | 237,544 | — | $ | 209,742 | — | ||||||
Transactions in Shares of the Funds | ||||||||||||
Sold | 4,797,115 | 2,500 | 4,168,621 | 2,500 | ||||||||
Issued in reinvestment of distributions | 28,444 | — | 15,169 | — | ||||||||
Redeemed | (919,269) | — | (428,155) | — | ||||||||
Net increase (decrease) in shares of the funds | 3,906,290 | 2,500 | 3,755,635 | 2,500 |
(1) | For the one day period ended July 31, 2013 (fund inception). |
YEAR ENDED JULY 31, 2014 AND PERIOD ENDED JULY 31, 2013 | ||||||||||||
One Choice 2030 Portfolio R6 | One Choice 2035 Portfolio R6 | |||||||||||
Increase (Decrease) in Net Assets | July 31, 2014 | July 31, 2013(1) | July 31, 2014 | July 31, 2013(1) | ||||||||
Operations | ||||||||||||
Net investment income (loss) | $ | 386,557 | — | $ | 313,194 | — | ||||||
Net realized gain (loss) | 250,873 | — | 235,337 | — | ||||||||
Change in net unrealized appreciation (depreciation) | 899,549 | — | 653,856 | — | ||||||||
Net increase (decrease) in net assets resulting from operations | 1,536,979 | — | 1,202,387 | — | ||||||||
Distributions to Shareholders | ||||||||||||
From net investment income | (194,694) | — | (160,865) | — | ||||||||
Capital Share Transactions | ||||||||||||
Proceeds from shares sold | 39,637,910 | $ | 25,000 | 32,425,529 | $ | 25,000 | ||||||
Proceeds from reinvestment of distributions | 194,694 | — | 160,865 | — | ||||||||
Payments for shares redeemed | (4,923,054) | — | (2,200,166) | — | ||||||||
Net increase (decrease) in net assets from capital share transactions | 34,909,550 | 25,000 | 30,386,228 | 25,000 | ||||||||
Net increase (decrease) in net assets | 36,251,835 | 25,000 | 31,427,750 | 25,000 | ||||||||
Net Assets | ||||||||||||
Beginning of period | 25,000 | — | 25,000 | — | ||||||||
End of period | $ | 36,276,835 | $ | 25,000 | $ | 31,452,750 | $ | 25,000 | ||||
Undistributed net investment income | $ | 191,863 | — | $ | 152,329 | — | ||||||
Transactions in Shares of the Funds | ||||||||||||
Sold | 3,779,280 | 2,500 | 3,065,738 | 2,500 | ||||||||
Issued in reinvestment of distributions | 18,649 | — | 15,350 | — | ||||||||
Redeemed | (466,458) | — | (205,970) | — | ||||||||
Net increase (decrease) in shares of the funds | 3,331,471 | 2,500 | 2,875,118 | 2,500 |
(1) | For the one day period ended July 31, 2013 (fund inception). |
YEAR ENDED JULY 31, 2014 AND PERIOD ENDED JULY 31, 2013 | ||||||||||||
One Choice 2040 Portfolio R6 | One Choice 2045 Portfolio R6 | |||||||||||
Increase (Decrease) in Net Assets | July 31, 2014 | July 31, 2013(1) | July 31, 2014 | July 31, 2013(1) | ||||||||
Operations | ||||||||||||
Net investment income (loss) | $ | 287,976 | — | $ | 226,144 | — | ||||||
Net realized gain (loss) | 244,858 | — | 190,627 | — | ||||||||
Change in net unrealized appreciation (depreciation) | 609,210 | — | 585,148 | — | ||||||||
Net increase (decrease) in net assets resulting from operations | 1,142,044 | — | 1,001,919 | — | ||||||||
Distributions to Shareholders | ||||||||||||
From net investment income | (163,594) | — | (124,925) | — | ||||||||
Capital Share Transactions | ||||||||||||
Proceeds from shares sold | 28,728,451 | $ | 25,000 | 23,496,563 | $ | 25,000 | ||||||
Proceeds from reinvestment of distributions | 163,594 | — | 124,925 | — | ||||||||
Payments for shares redeemed | (2,036,340) | — | (1,825,488) | — | ||||||||
Net increase (decrease) in net assets from capital share transactions | 26,855,705 | 25,000 | 21,796,000 | 25,000 | ||||||||
Net increase (decrease) in net assets | 27,834,155 | 25,000 | 22,672,994 | 25,000 | ||||||||
Net Assets | ||||||||||||
Beginning of period | 25,000 | — | 25,000 | — | ||||||||
End of period | $ | 27,859,155 | $ | 25,000 | $ | 22,697,994 | $ | 25,000 | ||||
Undistributed net investment income | $ | 124,382 | — | $ | 101,219 | — | ||||||
Transactions in Shares of the Funds | ||||||||||||
Sold | 2,702,785 | 2,500 | 2,206,518 | 2,500 | ||||||||
Issued in reinvestment of distributions | 15,536 | — | 11,819 | — | ||||||||
Redeemed | (189,370) | — | (169,459) | — | ||||||||
Net increase (decrease) in shares of the funds | 2,528,951 | 2,500 | 2,048,878 | 2,500 |
(1) | For the one day period ended July 31, 2013 (fund inception). |
YEAR ENDED JULY 31, 2014 AND PERIOD ENDED JULY 31, 2013 | ||||||||||||
One Choice 2050 Portfolio R6 | One Choice 2055 Portfolio R6 | |||||||||||
Increase (Decrease) in Net Assets | July 31, 2014 | July 31, 2013(1) | July 31, 2014 | July 31, 2013(1) | ||||||||
Operations | ||||||||||||
Net investment income (loss) | $ | 165,635 | — | $ | 31,310 | — | ||||||
Net realized gain (loss) | 144,539 | — | 5,741 | — | ||||||||
Change in net unrealized appreciation (depreciation) | 417,202 | — | 207,192 | — | ||||||||
Net increase (decrease) in net assets resulting from operations | 727,376 | — | 244,243 | — | ||||||||
Distributions to Shareholders | ||||||||||||
From net investment income | (95,447) | — | (4,681) | — | ||||||||
Capital Share Transactions | ||||||||||||
Proceeds from shares sold | 17,740,478 | $ | 25,000 | 7,774,153 | $ | 25,000 | ||||||
Proceeds from reinvestment of distributions | 95,447 | — | 4,681 | — | ||||||||
Payments for shares redeemed | (1,511,499) | — | (834,768) | — | ||||||||
Net increase (decrease) in net assets from capital share transactions | 16,324,426 | 25,000 | 6,944,066 | 25,000 | ||||||||
Net increase (decrease) in net assets | 16,956,355 | 25,000 | 7,183,628 | 25,000 | ||||||||
Net Assets | ||||||||||||
Beginning of period | 25,000 | — | 25,000 | — | ||||||||
End of period | $ | 16,981,355 | $ | 25,000 | $ | 7,208,628 | $ | 25,000 | ||||
Undistributed net investment income | $ | 70,188 | — | $ | 26,629 | — | ||||||
Transactions in Shares of the Funds | ||||||||||||
Sold | 1,662,180 | 2,500 | 720,089 | 2,500 | ||||||||
Issued in reinvestment of distributions | 9,030 | — | 440 | — | ||||||||
Redeemed | (139,624) | — | (76,942) | — | ||||||||
Net increase (decrease) in shares of the funds | 1,531,586 | 2,500 | 643,587 | 2,500 |
(1) | For the one day period ended July 31, 2013 (fund inception). |
Notes to Financial Statements |
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 | $13,477,346 | $26,801,351 | $51,045,679 | $43,358,369 | $39,740,278 |
Sales | $2,268,182 | $4,737,299 | $9,705,575 | $3,360,967 | $4,334,926 |
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 | $32,519,480 | $28,705,010 | $23,441,523 | $17,643,909 | $7,621,057 |
Sales | $1,719,179 | $1,455,382 | $1,334,403 | $1,091,451 | $642,660 |
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 | $ | 750 | $ | 382,385 | $ | 62,960 | $ | 396 | $ | 10,578 | $ | 341,065 | ||||||
NT Equity Growth Fund | 2,500 | 1,323,043 | 239,155 | (3,369) | 54,129 | 1,136,842 | ||||||||||||
NT Growth Fund | 1,625 | 852,717 | 152,072 | 2,115 | 15,307 | 738,548 | ||||||||||||
NT Heritage Fund(3) | 625 | 343,348 | 61,131 | (4,189) | 13,665 | 283,692 | ||||||||||||
NT Large Company Value Fund | 2,750 | 1,408,398 | 242,334 | 1,939 | 27,370 | 1,249,918 | ||||||||||||
NT Mid Cap Value Fund | 1,000 | 514,116 | 82,744 | (895) | 19,097 | 456,714 | ||||||||||||
NT Small Company Fund | 500 | 284,242 | 57,973 | (2,725) | 12,213 | 225,405 | ||||||||||||
Real Estate Fund | 250 | 123,736 | 20,586 | 15 | 1,311 | 113,917 | ||||||||||||
High-Yield Fund | 950 | 494,521 | 51,752 | (30) | 16,178 | 438,528 | ||||||||||||
Inflation-Adjusted Bond Fund | 1,900 | 506,938 | 336,430 | (5,815) | 5,070 | 173,671 | ||||||||||||
NT Diversified Bond Fund | 6,650 | 3,557,884 | 520,937 | (100) | 40,379 | 3,083,503 | ||||||||||||
Short Duration Inflation Protection Bond Fund | — | 797,250 | 90,846 | (49) | 4,096 | 707,909 | ||||||||||||
Premium Money Market Fund | 2,500 | 1,310,225 | 151,602 | — | 66 | 1,161,123 | ||||||||||||
International Bond Fund | 1,750 | 915,858 | 118,742 | (328) | 1,920 | 811,100 | ||||||||||||
NT International Growth Fund | 1,250 | 662,685 | 93,886 | (1,933) | 15,653 | 569,888 | ||||||||||||
$ | 25,000 | $ | 13,477,346 | $ | 2,283,150 | $ | (14,968 | ) | $ | 237,032 | $ | 11,491,823 |
(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. |
(3) | Effective October 11, 2013, the name of NT VistaSM Fund was changed to NT Heritage Fund. |
Fund/Underlying Fund(1) | Beginning Value | Purchase Cost | Sales Cost | Realized Gain (Loss) | Distributions Received(2) | Ending Value | ||||||||||||
One Choice 2015 Portfolio R6 | ||||||||||||||||||
NT Core Equity Plus Fund | $ | 750 | $ | 775,252 | $ | 141,919 | $ | (599 | ) | $ | 14,467 | $ | 670,352 | |||||
NT Equity Growth Fund | 2,467 | 2,649,859 | 526,557 | (14,025 | ) | 74,041 | 2,223,367 | |||||||||||
NT Growth Fund | 1,717 | 1,778,546 | 364,678 | 981 | 20,730 | 1,478,022 | ||||||||||||
NT Heritage Fund(3) | 720 | 743,028 | 164,571 | (11,938 | ) | 19,629 | 586,277 | |||||||||||
NT Large Company Value Fund | 2,750 | 2,873,279 | 569,810 | 1,191 | 40,472 | 2,443,455 | ||||||||||||
NT Mid Cap Value Fund | 1,063 | 1,098,330 | 220,564 | (5,884 | ) | 27,627 | 928,293 | |||||||||||
NT Small Company Fund | 500 | 553,989 | 115,153 | (6,471 | ) | 15,880 | 438,622 | |||||||||||
Real Estate Fund | 270 | 259,547 | 47,065 | (1,101 | ) | 2,289 | 232,502 | |||||||||||
High-Yield Fund | 937 | 984,441 | 120,637 | (368 | ) | 26,482 | 852,650 | |||||||||||
Inflation-Adjusted Bond Fund | 1,875 | 838,401 | 470,396 | (9,639 | ) | 9,180 | 375,716 | |||||||||||
NT Diversified Bond Fund | 6,580 | 7,005,196 | 1,050,342 | (3,792 | ) | 67,403 | 6,034,357 | |||||||||||
Short Duration Inflation Protection Bond Fund | — | 1,509,099 | 169,388 | (334 | ) | 7,389 | 1,342,696 | |||||||||||
Premium Money Market Fund | 2,313 | 2,537,591 | 316,854 | — | 107 | 2,223,050 | ||||||||||||
International Bond Fund | 1,680 | 1,779,271 | 248,842 | (3,896 | ) | 2,177 | 1,557,755 | |||||||||||
NT Emerging Markets Fund | 95 | 58,472 | 30,902 | (98 | ) | 114 | 30,011 | |||||||||||
NT International Growth Fund | 1,283 | 1,357,050 | 241,393 | (5,799 | ) | 20,510 | 1,115,333 | |||||||||||
$ | 25,000 | $ | 26,801,351 | $ | 4,799,071 | $ | (61,772 | ) | $ | 348,497 | $ | 22,532,458 |
(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. |
(3) | Effective October 11, 2013, the name of NT VistaSM Fund was changed to NT Heritage Fund. |
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 | $ | 750 | $ | 1,411,519 | $ | 226,695 | $ | (4,641 | ) | $ | 40,508 | $ | 1,250,258 | |||||
NT Equity Growth Fund | 2,375 | 4,719,928 | 865,734 | (36,538 | ) | 196,195 | 4,004,969 | |||||||||||
NT Growth Fund | 2,000 | 3,889,603 | 745,855 | (4,541 | ) | 73,312 | 3,282,909 | |||||||||||
NT Heritage Fund(3) | 970 | 1,930,801 | 411,844 | (33,311 | ) | 79,756 | 1,515,078 | |||||||||||
NT Large Company Value Fund | 2,810 | 5,416,980 | 1,011,473 | (6,725 | ) | 103,330 | 4,674,979 | |||||||||||
NT Mid Cap Value Fund | 1,250 | 2,412,881 | 460,395 | (15,727 | ) | 90,957 | 2,047,314 | |||||||||||
NT Small Company Fund | 500 | 1,026,176 | 183,484 | (10,789 | ) | 47,475 | 827,789 | |||||||||||
Real Estate Fund | 332 | 618,117 | 128,574 | (4,549 | ) | 5,913 | 534,525 | |||||||||||
High-Yield Fund | 900 | 1,839,501 | 276,881 | (1,720 | ) | 53,475 | 1,543,011 | |||||||||||
Inflation-Adjusted Bond Fund | 1,807 | 2,385,614 | 1,131,437 | (26,190 | ) | 38,517 | 1,266,992 | |||||||||||
NT Diversified Bond Fund | 6,285 | 13,043,770 | 2,389,375 | (10,188 | ) | 133,074 | 10,790,760 | |||||||||||
Short Duration Inflation Protection Bond Fund | — | 2,137,645 | 309,016 | (1,192 | ) | 10,380 | 1,832,065 | |||||||||||
Premium Money Market Fund | 1,688 | 3,644,690 | 564,058 | — | 159 | 3,082,320 | ||||||||||||
NT Emerging Markets Fund | 375 | 608,747 | 167,505 | (3,990 | ) | 1,524 | 471,944 | |||||||||||
NT International Growth Fund | 1,533 | 2,976,185 | 501,835 | (16,115 | ) | 73,154 | 2,456,800 | |||||||||||
International Bond Fund | 1,425 | 2,983,522 | 517,073 | (9,443 | ) | 5,624 | 2,504,281 | |||||||||||
$ | 25,000 | $ | 51,045,679 | $ | 9,891,234 | $ | (185,659 | ) | $ | 953,353 | $ | 42,085,994 |
(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. |
(3) | Effective October 11, 2013, the name of NT VistaSM Fund was changed to NT Heritage Fund. |
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 | $ | 750 | $ | 1,206,480 | $ | 46,745 | $ | (813 | ) | $ | 22,379 | $ | 1,213,420 | |||||
NT Equity Growth Fund | 2,312 | 3,826,792 | 221,193 | (8,402 | ) | 104,942 | 3,728,846 | |||||||||||
NT Growth Fund | 2,342 | 3,814,907 | 318,596 | (1,480 | ) | 43,041 | 3,630,686 | |||||||||||
NT Heritage Fund(3) | 1,143 | 1,929,977 | 107,547 | (7,240 | ) | 48,832 | 1,818,718 | |||||||||||
NT Large Company Value Fund | 2,875 | 4,731,174 | 367,951 | (3,938 | ) | 66,561 | 4,583,666 | |||||||||||
NT Mid Cap Value Fund | 1,375 | 2,266,178 | 124,623 | (5,012 | ) | 55,903 | 2,236,541 | |||||||||||
NT Small Company Fund | 638 | 1,056,338 | 89,758 | (3,616 | ) | 30,109 | 953,203 | |||||||||||
Real Estate Fund | 395 | 616,317 | 42,288 | (1,125 | ) | 5,499 | 617,785 | |||||||||||
High-Yield Fund | 850 | 1,528,309 | 94,591 | (682 | ) | 38,435 | 1,413,533 | |||||||||||
Inflation-Adjusted Bond Fund | 1,692 | 2,100,452 | 417,807 | (11,252 | ) | 36,593 | 1,702,086 | |||||||||||
NT Diversified Bond Fund | 5,938 | 10,863,312 | 957,538 | (1,232 | ) | 98,546 | 10,015,327 | |||||||||||
Short Duration Inflation Protection Bond Fund | — | 1,220,899 | 77,106 | (208 | ) | 5,781 | 1,145,472 | |||||||||||
NT Emerging Markets Fund | 595 | 914,025 | 52,304 | (1,805 | ) | 1,711 | 912,767 | |||||||||||
NT International Growth Fund | 1,782 | 2,956,900 | 159,002 | (6,424 | ) | 43,554 | 2,779,189 | |||||||||||
Premium Money Market Fund | 1,250 | 2,223,639 | 159,319 | — | 89 | 2,065,570 | ||||||||||||
International Bond Fund | 1,063 | 2,102,670 | 179,461 | (1,633 | ) | 2,276 | 1,948,325 | |||||||||||
$ | 25,000 | $ | 43,358,369 | $ | 3,415,829 | $ | (54,862 | ) | $ | 604,251 | $ | 40,765,134 |
(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. |
(3) | Effective October 11, 2013, the name of NT VistaSM Fund was changed to NT Heritage Fund. |
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 | $ | 813 | $ | 1,237,918 | $ | 131,344 | $ | 436 | $ | 27,053 | $ | 1,170,394 | ||||||
NT Equity Growth Fund | 2,312 | 3,590,048 | 395,351 | (5,512 | ) | 117,605 | 3,328,930 | |||||||||||
NT Growth Fund | 2,780 | 4,300,857 | 606,150 | 1,974 | 59,344 | 3,864,280 | ||||||||||||
NT Heritage Fund(3) | 1,250 | 2,065,502 | 267,419 | (16,900 | ) | 62,864 | 1,797,401 | |||||||||||
NT Large Company Value Fund | 3,030 | 4,539,075 | 516,779 | 3,400 | 73,764 | 4,270,159 | ||||||||||||
NT Mid Cap Value Fund | 1,312 | 2,024,959 | 220,577 | (3,596 | ) | 59,307 | 1,897,697 | |||||||||||
NT Small Company Fund | 875 | 1,449,369 | 232,115 | (9,073 | ) | 48,793 | 1,206,339 | |||||||||||
Real Estate Fund | 458 | 675,756 | 82,171 | (3,002 | ) | 6,316 | 648,411 | |||||||||||
High-Yield Fund | 755 | 1,220,216 | 85,638 | (180 | ) | 34,939 | 1,120,492 | |||||||||||
Inflation-Adjusted Bond Fund | 1,538 | 2,107,505 | 315,349 | (7,139 | ) | 44,068 | 1,809,164 | |||||||||||
NT Diversified Bond Fund | 5,312 | 8,705,279 | 804,001 | (3,060 | ) | 89,702 | 8,003,477 | |||||||||||
Short Duration Inflation Protection Bond Fund | — | 499,433 | 13,481 | (30 | ) | 2,490 | 486,806 | |||||||||||
NT Emerging Markets Fund | 720 | 1,075,644 | 146,918 | (2,353 | ) | 2,336 | 993,317 | |||||||||||
NT International Growth Fund | 2,157 | 3,430,224 | 394,167 | (7,088 | ) | 61,185 | 3,024,600 | |||||||||||
Premium Money Market Fund | 1,250 | 1,961,174 | 131,220 | — | 89 | 1,831,204 | ||||||||||||
International Bond Fund | 438 | 857,319 | 45,302 | (933 | ) | 1,141 | 824,174 | |||||||||||
$ | 25,000 | $ | 39,740,278 | $ | 4,387,982 | $ | (53,056 | ) | $ | 690,996 | $ | 36,276,845 |
(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. |
(3) | Effective October 11, 2013, the name of NT VistaSM Fund was changed to NT Heritage Fund. |
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 | $ | 813 | $ | 1,002,122 | $ | 34,471 | $ | (436 | ) | $ | 21,680 | $ | 1,013,529 | |||||
NT Equity Growth Fund | 2,407 | 2,983,562 | 153,001 | (4,309 | ) | 96,003 | 2,925,187 | |||||||||||
NT Growth Fund | 3,217 | 4,050,890 | 260,818 | (1,210 | ) | 54,399 | 3,940,772 | |||||||||||
NT Heritage Fund(3) | 1,408 | 1,807,125 | 118,435 | (8,503 | ) | 54,336 | 1,681,487 | |||||||||||
NT Large Company Value Fund | 3,217 | 3,969,230 | 231,742 | 23 | 63,212 | 3,936,084 | ||||||||||||
NT Mid Cap Value Fund | 1,407 | 1,715,455 | 92,793 | (882 | ) | 49,589 | 1,692,194 | |||||||||||
NT Small Company Fund | 1,050 | 1,422,455 | 86,585 | (2,671 | ) | 46,987 | 1,313,009 | |||||||||||
Real Estate Fund | 518 | 625,578 | 32,985 | (601 | ) | 5,919 | 636,360 | |||||||||||
High-Yield Fund | 650 | 899,902 | 19,425 | (123 | ) | 24,280 | 867,638 | |||||||||||
Inflation-Adjusted Bond Fund | 1,325 | 1,807,691 | 91,982 | (3,086 | ) | 40,020 | 1,727,264 | |||||||||||
NT Diversified Bond Fund | 4,612 | 6,412,873 | 334,732 | (1,182 | ) | 62,409 | 6,143,587 | |||||||||||
Short Duration Inflation Protection Bond Fund | — | 31,530 | — | — | 108 | 31,450 | ||||||||||||
NT Emerging Markets Fund | 875 | 1,070,357 | 77,413 | 521 | 2,259 | 1,054,236 | ||||||||||||
NT International Growth Fund | 2,438 | 3,162,890 | 170,721 | (3,940 | ) | 54,063 | 2,971,553 | |||||||||||
Premium Money Market Fund | 1,063 | 1,557,820 | 40,475 | — | 66 | 1,518,408 | ||||||||||||
$ | 25,000 | $ | 32,519,480 | $ | 1,745,578 | $ | (26,399 | ) | $ | 575,330 | $ | 31,452,758 |
(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. |
(3) | Effective October 11, 2013, the name of NT VistaSM Fund was changed to NT Heritage Fund. |
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 | $ | 907 | $ | 959,244 | $ | 33,149 | $ | (460 | ) | $ | 21,840 | $ | 969,325 | |||||
NT Equity Growth Fund | 2,563 | 2,815,705 | 103,696 | (4,443 | ) | 97,437 | 2,799,143 | |||||||||||
NT Growth Fund | 3,470 | 3,841,531 | 211,162 | 641 | 56,068 | 3,769,452 | ||||||||||||
NT Heritage Fund(3) | 1,655 | 1,890,571 | 114,956 | (6,311 | ) | 61,579 | 1,761,383 | |||||||||||
NT Large Company Value Fund | 3,470 | 3,731,607 | 153,513 | (924 | ) | 62,159 | 3,764,709 | |||||||||||
NT Mid Cap Value Fund | 1,655 | 1,791,457 | 82,101 | (2,251 | ) | 54,848 | 1,782,005 | |||||||||||
NT Small Company Fund | 1,020 | 1,224,522 | 64,677 | (3,066 | ) | 43,878 | 1,137,089 | |||||||||||
Real Estate Fund | 583 | 624,599 | 37,375 | (699 | ) | 5,779 | 633,188 | |||||||||||
High-Yield Fund | 563 | 688,843 | 15,465 | (50 | ) | 18,909 | 664,402 | |||||||||||
Inflation-Adjusted Bond Fund | 1,125 | 1,401,448 | 75,068 | (2,632 | ) | 30,527 | 1,335,620 | |||||||||||
NT Diversified Bond Fund | 3,957 | 4,981,599 | 341,393 | (5 | ) | 47,900 | 4,692,825 | |||||||||||
NT Emerging Markets Fund | 1,095 | 1,206,238 | 97,692 | (1,421 | ) | 2,562 | 1,174,629 | |||||||||||
NT International Growth Fund | 2,500 | 2,898,716 | 138,069 | (3,056 | ) | 54,354 | 2,737,767 | |||||||||||
Premium Money Market Fund | 437 | 648,930 | 11,743 | — | 27 | 637,624 | ||||||||||||
$ | 25,000 | $ | 28,705,010 | $ | 1,480,059 | $ | (24,677 | ) | $ | 557,867 | $ | 27,859,161 |
(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. |
(3) | Effective October 11, 2013, the name of NT VistaSM Fund was changed to NT Heritage Fund. |
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 | $ | 1,125 | $ | 985,073 | $ | 42,397 | $ | (308 | ) | $ | 21,214 | $ | 990,139 | |||||
NT Equity Growth Fund | 2,575 | 2,341,482 | 95,052 | (2,045 | ) | 74,452 | 2,325,601 | |||||||||||
NT Growth Fund | 3,655 | 3,338,092 | 192,352 | 344 | 43,758 | 3,272,430 | ||||||||||||
NT Heritage Fund(3) | 1,813 | 1,757,450 | 111,744 | (6,856 | ) | 50,743 | 1,638,051 | |||||||||||
NT Large Company Value Fund | 3,655 | 3,253,298 | 150,820 | (351 | ) | 51,753 | 3,273,446 | |||||||||||
NT Mid Cap Value Fund | 1,812 | 1,656,600 | 78,234 | (665 | ) | 46,606 | 1,649,783 | |||||||||||
NT Small Company Fund | 1,033 | 980,214 | 70,224 | (2,062 | ) | 31,180 | 894,716 | |||||||||||
Real Estate Fund | 645 | 577,469 | 45,382 | (86 | ) | 5,373 | 573,749 | |||||||||||
High-Yield Fund | 483 | 471,445 | 10,314 | (58 | ) | 13,091 | 454,735 | |||||||||||
Inflation-Adjusted Bond Fund | 962 | 963,956 | 60,551 | (1,856 | ) | 21,032 | 911,134 | |||||||||||
NT Diversified Bond Fund | 3,397 | 3,424,534 | 256,668 | (158 | ) | 33,381 | 3,205,361 | |||||||||||
NT Emerging Markets Fund | 1,313 | 1,220,396 | 103,379 | (1,202 | ) | 2,516 | 1,187,941 | |||||||||||
NT International Growth Fund | 2,532 | 2,471,514 | 136,557 | (3,968 | ) | 41,241 | 2,320,911 | |||||||||||
$ | 25,000 | $ | 23,441,523 | $ | 1,353,674 | $ | (19,271 | ) | $ | 436,340 | $ | 22,697,997 |
(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. |
(3) | Effective October 11, 2013, the name of NT VistaSM Fund was changed to NT Heritage Fund. |
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 | $ | 1,125 | $ | 757,303 | $ | 28,840 | $ | 90 | $ | 15,872 | $ | 761,466 | ||||||
NT Equity Growth Fund | 2,595 | 1,751,937 | 74,933 | (928 | ) | 54,781 | 1,731,289 | |||||||||||
NT Growth Fund | 3,717 | 2,570,851 | 167,226 | (326 | ) | 32,970 | 2,495,964 | |||||||||||
NT Heritage Fund(3) | 1,813 | 1,312,041 | 76,984 | (4,629 | ) | 37,734 | 1,228,039 | |||||||||||
NT Large Company Value Fund | 3,782 | 2,536,852 | 130,459 | 38 | 39,739 | 2,533,786 | ||||||||||||
NT Mid Cap Value Fund | 1,813 | 1,246,668 | 63,033 | (740 | ) | 34,621 | 1,235,380 | |||||||||||
NT Small Company Fund | 1,188 | 871,644 | 80,331 | (3,061 | ) | 27,630 | 777,147 | |||||||||||
Real Estate Fund | 707 | 474,471 | 36,887 | (177 | ) | 4,382 | 471,269 | |||||||||||
High-Yield Fund | 420 | 313,260 | 11,291 | (16 | ) | 8,426 | 297,817 | |||||||||||
Inflation-Adjusted Bond Fund | 838 | 635,148 | 45,188 | (1,608 | ) | 13,735 | 595,797 | |||||||||||
NT Diversified Bond Fund | 2,972 | 2,293,022 | 198,102 | (53 | ) | 21,771 | 2,120,938 | |||||||||||
NT Emerging Markets Fund | 1,563 | 1,087,091 | 105,255 | 44 | 2,132 | 1,038,606 | ||||||||||||
NT International Growth Fund | 2,467 | 1,793,621 | 86,224 | (1,936 | ) | 29,905 | 1,693,860 | |||||||||||
$ | 25,000 | $ | 17,643,909 | $ | 1,104,753 | $ | (13,302 | ) | $ | 323,698 | $ | 16,981,358 |
(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. |
(3) | Effective October 11, 2013, the name of NT VistaSM Fund was changed to NT Heritage Fund. |
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 | $ | 1,125 | $ | 333,914 | $ | 24,482 | $ | 43 | $ | 1,673 | $ | 323,577 | ||||||
NT Equity Growth Fund | 2,688 | 807,560 | 65,458 | (480 | ) | 5,871 | 772,510 | |||||||||||
NT Growth Fund | 3,812 | 1,160,117 | 104,307 | 309 | 1,647 | 1,095,494 | ||||||||||||
NT Heritage Fund(3) | 1,875 | 586,146 | 57,350 | (728 | ) | 1,897 | 538,409 | |||||||||||
NT Large Company Value Fund | 3,875 | 1,169,147 | 102,980 | 322 | 7,876 | 1,113,313 | ||||||||||||
NT Mid Cap Value Fund | 1,875 | 559,829 | 47,039 | (170 | ) | 3,944 | 541,468 | |||||||||||
NT Small Company Fund | 1,250 | 398,215 | 40,382 | (117 | ) | 1,403 | 356,616 | |||||||||||
Real Estate Fund | 750 | 219,011 | 20,362 | 109 | 1,464 | 216,545 | ||||||||||||
NT Emerging Markets Fund | 1,625 | 484,130 | 43,677 | (595 | ) | 452 | 467,587 | |||||||||||
NT International Growth Fund | 2,375 | 738,196 | 55,497 | (345 | ) | 1,376 | 684,614 | |||||||||||
High-Yield Fund | 375 | 116,052 | 5,317 | (4 | ) | 2,384 | 109,662 | |||||||||||
Inflation-Adjusted Bond Fund | 750 | 229,922 | 15,227 | (279 | ) | 2,865 | 219,871 | |||||||||||
NT Diversified Bond Fund | 2,625 | 818,818 | 62,542 | (25 | ) | 6,233 | 768,963 | |||||||||||
$ | 25,000 | $ | 7,621,057 | $ | 644,620 | $ | (1,960 | ) | $ | 39,085 | $ | 7,208,629 |
(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. |
(3) | Effective October 11, 2013, the name of NT VistaSM Fund was changed to NT Heritage Fund. |
• | 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). |
Distributions Paid From: | |||||
Ordinary income | Long-term capital gains | ||||
One Choice In Retirement Portfolio R6 | $ | 131,650 | — | ||
One Choice 2015 Portfolio R6 | $ | 93,293 | — | ||
One Choice 2020 Portfolio R6 | $ | 294,116 | — | ||
One Choice 2025 Portfolio R6 | $ | 157,758 | — | ||
One Choice 2030 Portfolio R6 | $ | 194,694 | — | ||
One Choice 2035 Portfolio R6 | $ | 160,865 | — | ||
One Choice 2040 Portfolio R6 | $ | 163,594 | — | ||
One Choice 2045 Portfolio R6 | $ | 124,925 | — | ||
One Choice 2050 Portfolio R6 | $ | 95,447 | — | ||
One Choice 2055 Portfolio R6 | $ | 4,681 | — |
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 | $ | 11,238,045 | $ | 22,094,527 | $ | 41,369,311 | $ | 40,027,430 | $ | 35,448,244 | |||||
Gross tax appreciation of investments | $ | 260,939 | $ | 454,159 | $ | 787,599 | $ | 802,039 | $ | 873,819 | |||||
Gross tax depreciation of investments | (7,161 | ) | (16,228 | ) | (70,916 | ) | (64,335 | ) | (45,218 | ) | |||||
Net tax appreciation (depreciation) of investments | $ | 253,778 | $ | 437,931 | $ | 716,683 | $ | 737,704 | $ | 828,601 | |||||
Undistributed ordinary income | $ | 24,317 | $ | 173,436 | $ | 346,042 | $ | 242,456 | $ | 248,821 | |||||
Accumulated long-term gains | $ | 84,762 | $ | 86,918 | $ | 316,772 | $ | 208,558 | $ | 264,863 |
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 | $ | 30,831,189 | $ | 27,278,439 | $ | 22,136,924 | $ | 16,582,340 | $ | 7,006,457 | |||||
Gross tax appreciation of investments | $ | 693,530 | $ | 658,105 | $ | 612,040 | $ | 445,384 | $ | 206,650 | |||||
Gross tax depreciation of investments | (71,961 | ) | (77,383 | ) | (50,967 | ) | (46,366 | ) | (4,478 | ) | |||||
Net tax appreciation (depreciation) of investments | $ | 621,569 | $ | 580,722 | $ | 561,073 | $ | 399,018 | $ | 202,172 | |||||
Undistributed ordinary income | $ | 172,807 | $ | 145,909 | $ | 117,152 | $ | 82,581 | $ | 32,881 | |||||
Accumulated long-term gains | $ | 247,146 | $ | 251,819 | $ | 198,769 | $ | 150,330 | $ | 4,509 |
Financial Highlights |
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 In Retirement Portfolio R6 — R6 Class | |||||||||||||
2014 | $10.00 | 0.23 | 0.61 | 0.84 | (0.22) | $10.62 | 8.46% | 0.00%(4) | 2.16% | 34% | $11,492 | ||
2013(5) | $10.00 | — | — | — | — | $10.00 | 0.00% | 0.00% | 0.00% | 0% | $25 | ||
One Choice 2015 Portfolio R6 — R6 Class | |||||||||||||
2014 | $10.00 | 0.21 | 0.65 | 0.86 | (0.14) | $10.72 | 8.70% | 0.00%(4) | 1.98% | 40% | $22,532 | ||
2013(5) | $10.00 | — | — | — | — | $10.00 | 0.00% | 0.00% | 0.00% | 0% | $25 | ||
One Choice 2020 Portfolio R6 — R6 Class | |||||||||||||
2014 | $10.00 | 0.25 | 0.67 | 0.92 | (0.15) | $10.77 | 9.24% | 0.00%(4) | 2.36% | 43% | $42,086 | ||
2013(5) | $10.00 | — | — | — | — | $10.00 | 0.00% | 0.00% | 0.00% | 0% | $25 | ||
One Choice 2025 Portfolio R6 — R6 Class | |||||||||||||
2014 | $10.00 | 0.22 | 0.78 | 1.00 | (0.15) | $10.85 | 10.04% | 0.00%(4) | 2.04% | 18% | $40,765 | ||
2013(5) | $10.00 | — | — | — | — | $10.00 | 0.00% | 0.00% | 0.00% | 0% | $25 | ||
One Choice 2030 Portfolio R6 — R6 Class | |||||||||||||
2014 | $10.00 | 0.23 | 0.81 | 1.04 | (0.16) | $10.88 | 10.48% | 0.00%(4) | 2.13% | 23% | $36,277 | ||
2013(5) | $10.00 | — | — | — | — | $10.00 | 0.00% | 0.00% | 0.00% | 0% | $25 | ||
One Choice 2035 Portfolio R6 — R6 Class | |||||||||||||
2014 | $10.00 | 0.24 | 0.87 | 1.11 | (0.18) | $10.93 | 11.18% | 0.00%(4) | 2.19% | 12% | $31,453 | ||
2013(5) | $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: | 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 2040 Portfolio R6 — R6 Class | |||||||||||||
2014 | $10.00 | 0.24 | 0.96 | 1.20 | (0.19) | $11.01 | 12.13% | 0.00%(4) | 2.25% | 11% | $27,859 | ||
2013(5) | $10.00 | — | — | — | — | $10.00 | 0.00% | 0.00% | 0.00% | 0% | $25 | ||
One Choice 2045 Portfolio R6 — R6 Class | |||||||||||||
2014 | $10.00 | 0.23 | 1.02 | 1.25 | (0.19) | $11.06 | 12.62% | 0.00%(4) | 2.13% | 12% | $22,698 | ||
2013(5) | $10.00 | — | — | — | — | $10.00 | 0.00% | 0.00% | 0.00% | 0% | $25 | ||
One Choice 2050 Portfolio R6 — R6 Class | |||||||||||||
2014 | $10.00 | 0.23 | 1.05 | 1.28 | (0.21) | $11.07 | 12.88% | 0.00%(4) | 2.11% | 13% | $16,981 | ||
2013(5) | $10.00 | — | — | — | — | $10.00 | 0.00% | 0.00% | 0.00% | 0% | $25 | ||
One Choice 2055 Portfolio R6 — R6 Class | |||||||||||||
2014 | $10.00 | 0.13 | 1.19 | 1.32 | (0.16) | $11.16 | 13.22% | 0.00%(4) | 1.14% | 23% | $7,209 | ||
2013(5) | $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) | Ratio was less than 0.005%. |
(5) | For the one day period ended July 31, 2013 (fund inception). |
Report of Independent Registered Public Accounting Firm |
Management |
Name (Year of Birth) | Position(s) Held with Funds | Length of Time Served | Principal Occupation(s) During Past 5 Years | Number of American Century Portfolios Overseen by Director | Other Directorships Held During Past 5 Years |
Independent Directors | |||||
Thomas A. Brown (1940) | Director | Since 1980 | Managing Member, Associated Investments, LLC (real estate investment company); Brown Cascade Properties, LLC (real estate investment company) (2001 to 2009) | 73 | None |
Andrea C. Hall (1945) | Director | Since 1997 | Retired | 73 | None |
Jan M. Lewis (1957) | Director | Since 2011 | Retired; President and Chief Executive Officer, Catholic Charities of Northeast Kansas (human services organization) (2006 to 2013) | 73 | None |
James A. Olson (1942) | Director and Chairman of the Board | Since 2007 (Chairman since 2014) | Member, Plaza Belmont LLC (private equity fund manager) | 73 | Saia, Inc. (2002 to 2012) and EPR Properties (2003 to 2013) |
M. Jeannine Strandjord (1945) | Director | Since 1994 | Retired | 73 | Euronet Worldwide Inc.; Charming Shoppes, Inc. (2006 to 2010); and DST Systems Inc. (1996 to 2012) |
Name (Year of Birth) | Position(s) Held with Funds | Length of Time Served | Principal Occupation(s) During Past 5 Years | Number of American Century Portfolios Overseen by Director | Other Directorships Held During Past 5 Years |
Independent Directors | |||||
John R. Whitten (1946) | Director | Since 2008 | Retired | 73 | Rudolph Technologies, Inc. |
Stephen E. Yates (1948) | Director | Since 2012 | Retired; Executive Vice President, Technology & Operations, KeyCorp. (computer services) (2004 to 2010) | 73 | Applied Industrial Technologies, Inc. (2001 to 2010) |
Interested Directors | |||||
Barry Fink (1955) | Director | Since 2012 | Retired; Executive Vice President, ACC (September 2007 to February 2013); President, ACS (October 2007 to February 2013); Chief Operating Officer, ACC (September 2007 to November 2012) | 73 | None |
Jonathan S. Thomas (1963) | Director and President | Since 2007 | President and Chief Executive Officer, ACC (March 2007 to present). Also serves as Chief Executive Officer, ACS; Executive Vice President, ACIM; Director, ACC, ACIM and other ACC subsidiaries | 118 | BioMed Valley Discoveries, Inc. |
Name (Year of Birth) | Offices with the Funds | Principal Occupation(s) During the Past Five Years |
Jonathan S. Thomas (1963) | Director and President since 2007 | President and Chief Executive Officer, ACC (March 2007 to present). Also serves as Chief Executive Officer, ACS; Executive Vice President, ACIM; Director, ACC, ACIM and other ACC subsidiaries |
Amy D. Shelton (1964) | Chief Compliance Officer since 2014 | Chief Compliance Officer, American Century funds, (March 2014 to present); Chief Compliance Officer, ACIM (February 2014 to present); Chief Compliance Officer, ACIS (October 2009 to present); Vice President, Client Interactions and Marketing, ACIS (February 2013 to January 2014); Director, Client Interactions and Marketing, ACIS (June 2007 to January 2013). Also serves as Vice President, ACIS |
Charles A. Etherington (1957) | General Counsel since 2007 and Senior Vice President since 2006 | Attorney, ACC (February 1994 to present); Vice President, ACC (November 2005 to present); General Counsel, ACC (March 2007 to present). Also serves as General Counsel, ACIM, ACS, ACIS and other ACC subsidiaries; and Senior Vice President, ACIM and ACS |
C. Jean Wade (1964) | Vice President, Treasurer and Chief Financial Officer since 2012 | Vice President, ACS (February 2000 to present) |
Robert J. Leach (1966) | Vice President since 2006 and Assistant Treasurer since 2012 | Vice President, ACS (February 2000 to present) |
David H. Reinmiller (1963) | Vice President since 2000 | Attorney, ACC (January 1994 to present); Associate General Counsel, ACC (January 2001 to present). Also serves as Vice President, ACIM and ACS |
Ward D. Stauffer (1960) | Secretary since 2005 | Attorney, ACC (June 2003 to present) |
Approval of Management Agreement |
• | the nature, extent, and quality of investment management, shareholder services, and other services provided by the Advisor to each Fund; |
• | the wide range of other programs and services the Advisor provides to each Fund and its shareholders on a routine and non-routine basis; |
• | each Fund’s investment performance compared to appropriate benchmarks and/or a peer group of other mutual funds with similar investment objectives and strategies; |
• | the cost of owning each Fund compared to the cost of owning similar funds; |
• | the Advisor’s compliance policies, procedures, and regulatory experience; |
• | financial data showing the cost of services provided to the Funds, the profitability of each Fund to the Advisor, and the overall profitability of the Advisor; |
• | possible economies of scale associated with the Advisor’s management of the Funds and other accounts under its management; |
• | the services provided and charges to other investment management clients of the Advisor |
• | acquired fund fees and expenses; and |
• | any collateral benefits derived by the Advisor from the management of the Funds. |
• | constructing and designing each Fund |
• | portfolio research and security selection |
• | initial capitalization/funding |
• | securities trading |
• | Fund administration |
• | custody of Fund assets |
• | daily valuation of each Fund’s portfolio |
• | shareholder servicing and transfer agency, including shareholder confirmations, recordkeeping, and communications |
• | legal services (except the independent Directors’ counsel) |
• | regulatory and portfolio compliance |
• | financial reporting |
• | marketing and distribution (except Rule 12b-1 plans) |
Additional Information |
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 |
$39,998 | $59,719 | $154,840 | $101,779 | $114,609 |
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 |
$98,760 | $98,318 | $82,288 | $62,227 | $4,729 |
Foreign Tax Credit | Foreign Source Income | |||||||
Amount | Per Outstanding Share | Amount | Per Outstanding Share | |||||
One Choice In Retirement Portfolio R6 | $ | 445 | 0.0004 | $ | 3,992 | 0.0037 | ||
One Choice 2015 Portfolio R6 | $ | 593 | 0.0003 | $ | 5,296 | 0.0025 | ||
One Choice 2020 Portfolio R6 | $ | 2,230 | 0.0006 | $ | 19,642 | 0.0050 | ||
One Choice 2025 Portfolio R6 | $ | 1,375 | 0.0004 | $ | 12,005 | 0.0032 | ||
One Choice 2030 Portfolio R6 | $ | 1,934 | 0.0006 | $ | 16,877 | 0.0051 | ||
One Choice 2035 Portfolio R6 | $ | 1,732 | 0.0006 | $ | 15,067 | 0.0052 | ||
One Choice 2040 Portfolio R6 | $ | 1,773 | 0.0007 | $ | 15,353 | 0.0061 | ||
One Choice 2045 Portfolio R6 | $ | 1,381 | 0.0007 | $ | 11,881 | 0.0058 | ||
One Choice 2050 Portfolio R6 | $ | 1,035 | 0.0007 | $ | 8,836 | 0.0058 | ||
One Choice 2055 Portfolio R6 | $ | 48 | 0.0001 | $ | 412 | 0.0006 |
Notes |
Notes |
Notes |
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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. | ||
©2014 American Century Proprietary Holdings, Inc. All rights reserved. CL-ANN-83140 1409 |
(a) | The registrant has adopted a Code of Ethics for Senior Financial Officers that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer, and persons performing similar functions. |
(b) | No response required. |
(c) | None. |
(d) | None. |
(e) | Not applicable. |
(f) | The registrant’s Code of Ethics for Senior Financial Officers was filed as Exhibit 12 (a)(1) to American Century Asset Allocation Portfolios, Inc.’s Annual Certified Shareholder Report on Form N-CSR, File No. 811-21591, on September 29, 2005, and is incorporated herein by reference. |
(a)(1) | The registrant’s board has determined that the registrant has at least one audit committee financial expert serving on its audit committee. |
(a)(2) | M. Jeannine Strandjord, Stephen E. Yates, Thomas A. Brown and John R. Whitten are the registrant’s designated audit committee financial experts. They are “independent” as defined in Item 3 of Form N-CSR. |
(a)(3) | Not applicable. |
(b) | No response required. |
(c) | No response required. |
(d) | No response required. |
(a) | Audit Fees. |
(b) | Audit-Related Fees. |
(c) | Tax Fees. |
(d) | All Other Fees. |
(e)(1) | In accordance with paragraph (c)(7)(i)(A) of Rule 2-01 of Regulation S-X, before the accountant is engaged by the registrant to render audit or non-audit services, the engagement is approved by the registrant’s audit committee. Pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X, the registrant’s audit committee also pre-approves its accountant’s engagements for non-audit services with the registrant’s investment adviser, its parent company, and any entity controlled by, or under common control with the investment adviser that provides ongoing services to the registrant, if the engagement relates directly to the operations and financial reporting of the registrant. |
(e)(2) | All services described in each of paragraphs (b) through (d) of this Item were pre-approved before the engagement by the registrant’s audit committee pursuant to paragraph (c)(7)(i)(A) of Rule 2-01 of Regulation S- |
(f) | The percentage of hours expended on the principal accountant’s engagement to audit the registrant’s financial statements for the most recent fiscal year that were attributed to work performed by persons other than the principal accountant’s full-time, permanent employees was less than 50%. |
(g) | The aggregate non-audit fees billed by the registrant’s accountant for services rendered to the registrant, and rendered to the registrant’s investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the adviser that provides ongoing services to the registrant for each of the last two fiscal years of the registrant were as follows: |
(h) | The registrant’s investment adviser and accountant have notified the registrant’s audit committee of all non-audit services that were rendered by the registrant’s accountant to the registrant’s investment adviser, its parent company, and any entity controlled by, or under common control with the investment adviser that provides services to the registrant, which services were not required to be pre-approved pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X. The notification provided to the registrant’s audit committee included sufficient details regarding such services to allow the registrant’s audit committee to consider the continuing independence of its principal accountant. |
(a) | The schedule of investments is included as part of the report to stockholders filed under Item 1 of this Form. |
(b) | Not applicable. |
(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. |
(a)(1) | Registrant’s Code of Ethics for Senior Financial Officers, which is the subject of the disclosure required by Item 2 of Form N-CSR, was filed as Exhibit 12(a)(1) to American Century Asset Allocation Portfolios, Inc.’s Certified Shareholder Report on Form N-CSR, File No. 811-21591, on September 29, 2005. |
(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. |
(a)(3) | Not applicable. |
(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. |
Registrant: | American Century Asset Allocation Portfolios, Inc. | |||
By: | /s/ Jonathan S. Thomas | |||
Name: | Jonathan S. Thomas | |||
Title: | President | |||
Date: | September 26, 2014 | |||
By: | /s/ Jonathan S. Thomas | ||
Name: | Jonathan S. Thomas | ||
Title: | President | ||
(principal executive officer) | |||
Date: | September 26, 2014 |
By: | /s/ C. Jean Wade | ||
Name: | C. Jean Wade | ||
Title: | Vice President, Treasurer, and | ||
Chief Financial Officer | |||
(principal financial officer) | |||
Date: | September 26, 2014 |
1. | I have reviewed this report on Form N-CSR of American Century Asset Allocation Portfolios, Inc.; |
2. | Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; |
3. | Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report; |
4. | The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: |
(a) | Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; |
(b) | Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; |
(c) | Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and |
(d) | Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and |
5. | The registrant's other certifying officer and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): |
(a) | All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and |
(b) | Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. |
Date: | September 26, 2014 | |
/s/ Jonathan S. Thomas | ||
Jonathan S. Thomas | ||
President | ||
(principal executive officer) |
1. | I have reviewed this report on Form N-CSR of American Century Asset Allocation Portfolios, Inc.; |
2. | Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; |
3. | Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report; |
4. | The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: |
(a) | Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; |
(b) | Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; |
(c) | Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and |
(d) | Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and |
5. | The registrant's other certifying officer and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): |
(a) | All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and |
(b) | Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. |
Date: | September 26, 2014 | |
/s/ C. Jean Wade | ||
C. Jean Wade | ||
Vice President, Treasurer, and | ||
Chief Financial Officer | ||
(principal financial officer) |
(1) | The Report fully complies with the requirements of Section 15(d) of the Securities Exchange Act of 1934; and |
(2) | The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant. |
Date: | September 26, 2014 | ||
By: | /s/ Jonathan S. Thomas | ||
Jonathan S. Thomas | |||
President | |||
(chief executive officer) | |||
By: | /s/ C. Jean Wade | ||
C. Jean Wade | |||
Vice President, Treasurer, and | |||
Chief Financial Officer | |||
(chief financial officer) |
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