# EDGAR Filing Document

**Accession Number:** 0001293210
**File Stem:** 0001145549-25-043436
**Filing Date:** 2025-6
**Character Count:** 19942
**Document Hash:** 17084f4e9a5153918269e16c8c364725
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-043436.hdr.sgml**: 20250627

**ACCESSION NUMBER**: 0001145549-25-043436

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250627

**DATE AS OF CHANGE**: 20250627

**PERIOD START**: 20250731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AMERICAN CENTURY ASSET ALLOCATION PORTFOLIOS, INC.
- **CENTRAL INDEX KEY:** 0001293210

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0731

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21591
- **FILM NUMBER:** 251083502

**BUSINESS ADDRESS:**
- **STREET 1:** 4500 MAIN STREET
- **STREET 2:** 9TH FLOOR
- **CITY:** KANSAS CITY
- **STATE:** MO
- **ZIP:** 64111
- **BUSINESS PHONE:** 816-531-5575

**MAIL ADDRESS:**
- **STREET 1:** 4500 MAIN STREET
- **STREET 2:** 9TH FLOOR
- **CITY:** KANSAS CITY
- **STATE:** MO
- **ZIP:** 64111

## Series and Classes Contracts Data

### ONE CHOICE BLEND+ 2025 PORTFOLIO (Series ID: S000071097)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000225701 | I CLASS        | AABKX           |
| C000225702 | INVESTOR CLASS | AABJX           |
| C000225703 | A CLASS        | AABQX           |
| C000225704 | R CLASS        | AABRX           |
| C000225705 | R6 CLASS       | AABVX           |

## Nport-Ex

**American Century Investments**<sup>®</sup>

**Quarterly Portfolio Holdings**

**One Choice**<sup>®</sup> **Blend+ 2025 Portfolio**

**April 30, 2025**

------

---

| |
|:---|
| **<u>One Choice Blend+ 2025 Portfolio - Schedule of Investments</u>** |
| **APRIL 30, 2025 (UNAUDITED)** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value ($)** |
| **UNDERLYING FUNDS**<sup>(1)</sup> **— 100.0%** |  |  |
| **Domestic Fixed Income Funds — 40.2%** |  |  |
| Avantis Core Fixed Income Fund G Class | 964809 | 8085102 |
| High Income Fund G Class | 167052 | 1423286 |
| Inflation-Adjusted Bond Fund G Class | 129626 | 1397371 |
| Short Duration Fund G Class | 121135 | 1189549 |
| Short Duration Inflation Protection Bond Fund G Class | 138481 | 1485906 |
|  |  | 13581214 |
| **Domestic Equity Funds — 34.2%** |  |  |
| Avantis U.S. Equity Fund G Class | 201624 | 3496158 |
| Avantis U.S. Small Cap Value Fund G Class | 22622 | 332990 |
| Focused Large Cap Value Fund G Class | 325671 | 3318588 |
| Growth Fund G Class | 56860 | 3132980 |
| Heritage Fund G Class | 11035 | 302247 |
| Mid Cap Value Fund G Class | 40861 | 625180 |
| Small Cap Growth Fund G Class | 15718 | 342504 |
|  |  | 11550647 |
| **International Equity Funds — 13.6%** |  |  |
| Avantis Emerging Markets Equity Fund G Class | 20552 | 244976 |
| Avantis International Equity Fund G Class | 135104 | 1768514 |
| Focused International Growth Fund G Class | 54370 | 978117 |
| Global Real Estate Fund G Class | 31674 | 413023 |
| International Small-Mid Cap Fund G Class | 7205 | 72914 |
| International Value Fund G Class | 112016 | 1101115 |
|  |  | 4578659 |
| **International Fixed Income Funds — 12.0%** |  |  |
| Emerging Markets Debt Fund G Class | 59411 | 531134 |
| Global Bond Fund G Class | 400148 | 3505293 |
|  |  | 4036427 |
| **TOTAL INVESTMENT SECURITIES — 100.0%**<br>(Cost $31,201,327) |  | **33746947** |
| **OTHER ASSETS AND LIABILITIES — 0.0%** |  | **—** |
| **TOTAL NET ASSETS — 100.0%** |  | $**33746947** |

---

**NOTES TO SCHEDULE OF INVESTMENTS**

(1)Investments are funds within the American Century Investments family of funds and are considered affiliated funds.

------

**SUPPLEMENTARY NOTES TO SCHEDULE OF INVESTMENTS** 

**1. Underlying Funds**

The fund invests in varying combinations of other mutual funds and exchange-traded funds advised by American Century Investments (the underlying funds). The fund's asset allocation is intended to diversify investments among stocks, bonds, and short-term investments. The portfolio holdings of each underlying fund are available at americancentury.com, avantisinvestors.com or upon request at 1-800-345-2021.

**2. Investment Valuations**

The fund determines the fair value of its investments and computes its net asset value (NAV) per share at the close of regular trading (usually 4 p.m. Eastern time) on the New York Stock Exchange (NYSE) on each day the NYSE is open. The value of investments of the fund is determined by American Century Investment Management, Inc. (ACIM) (the investment advisor), as the valuation designee, pursuant to its valuation policies and procedures. The Board of Directors oversees the valuation designee and reviews its valuation policies and procedures at least annually.

Open-end management investment companies are valued at their reported NAV. Exchange-traded funds are listed or traded on a domestic securities exchange and are valued at the last reported sales price or at the official closing price as provided by the exchange.

**3. Fair Value Measurements**

The fund's investments valuation process is based on several considerations and may use multiple inputs to determine the fair value of the investments held by the fund. In conformity with accounting principles generally accepted in the United States of America, the inputs used to determine a valuation are classified into three broad levels.

• Level 1 valuation inputs consist of unadjusted quoted prices in an active market for identical investments.

• Level 2 valuation inputs consist of direct or indirect observable market data (including quoted prices for comparable investments, evaluations of subsequent market events, interest rates, prepayment speeds, credit risk, etc.). These inputs also consist of quoted prices for identical investments initially expressed in local currencies that are adjusted through translation into U.S. dollars.

• Level 3 valuation inputs consist of unobservable data (including a fund's own assumptions).

The level classification is based on the lowest level input that is significant to the fair valuation measurement. The valuation inputs are not necessarily an indication of the risks associated with investing in these securities or other financial instruments.

As of period end, the fund's investment securities were classified as Level 1. The Schedule of Investments provides additional information on the fund's portfolio holdings.

------

**4. Affiliated Fund Transactions**

A summary of transactions for each underlying fund for the period ended April 30, 2025 follows (amounts in thousands):

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Fund/Underlying Fund**<sup>(1)</sup> | **Beginning <br>Value** | **Purchase <br>Cost** | **Sales <br>Cost** | **Change in Net <br>Unrealized <br>Appreciation <br>(Depreciation)** | **Ending** <br>**Value** | **Ending <br>Shares** | **Net Realized <br>Gain (Loss)** | **Distributions** <br>**Received**<sup>(2)</sup> |
| Avantis Core Fixed Income Fund | $7943 | $1575 | $1419 | $(14) | $8085 | 965 | $(13) | $274 |
| High Income Fund | 1449 | 245 | 251 | (20) | 1423 | 167 | 5 | 76 |
| Inflation-Adjusted Bond Fund | 1384 | 175 | 193 | 31 | 1397 | 130 | (6) | 28 |
| Short Duration Fund |  | 1188 |  | 2 | 1190 | 121 |  | 5 |
| Short Duration Inflation Protection Bond Fund | 1417 | 229 | 206 | 46 | 1486 | 138 |  | 35 |
| Avantis U.S. Equity Fund | 3200 | 1246 | 819 | (131) | 3496 | 202 | 82 | 45 |
| Avantis U.S. Small Cap Value Fund | 319 | 131 | 50 | (67) | 333 | 23 | 6 | 12 |
| Focused Large Cap Value Fund | 2409 | 1592 | 523 | (159) | 3319 | 326 | 20 | 210 |
| Growth Fund | 2054 | 1781 | 575 | (127) | 3133 | 57 | 41 | 109 |
| Heritage Fund | 274 | 104 | 57 | (19) | 302 | 11 | 17 | 29 |
| Mid Cap Value Fund | 591 | 177 | 93 | (50) | 625 | 41 | 3 | 48 |
| Small Cap Growth Fund | 312 | 105 | 47 | (27) | 343 | 16 | 7 | 2 |
| Avantis Emerging Markets Equity Fund | 261 | 28 | 38 | (6) | 245 | 21 | 5 | 7 |
| Avantis International Equity Fund | 1534 | 425 | 277 | 87 | 1769 | 135 | 12 | 55 |
| Focused International Growth Fund | 827 | 212 | 84 | 23 | 978 | 54 | 6 | 7 |
| Global Real Estate Fund | 391 | 95 | 68 | (5) | 413 | 32 | 7 | 12 |
| International Small-Mid Cap Fund | 77 | 9 | 9 | (4) | 73 | 7 | 2 | 2 |
| International Value Fund | 944 | 258 | 187 | 86 | 1101 | 112 | 10 | 45 |
| Emerging Markets Debt Fund | 559 | 55 | 88 | 5 | 531 | 59 | 1 | 19 |
| Global Bond Fund | 3446 | 556 | 500 | 3 | 3505 | 400 | 5 | 104 |
| American Century Low Volatility ETF | 1267 | 282 | 1328 | (221) |  |  | 268 | 10 |
| Avantis Short-Term Fixed Income Fund | 1088 | 213 | 1279 | (22) |  |  | 26 | 30 |
|  | $31746 | $10681 | $8091 | $(589) | $33747 | 3017 | $504 | $1164 |

---

(1)Underlying fund investments represent G Class, except American Century Low Volatility ETF.

(2)Distributions received includes distributions from net investment income and from capital gains, if any.

*This schedule of investments provides information about the fund's portfolio holdings as of the date on the schedule. It is unaudited, and American Century Investments assumes no obligation to update or supplement the schedule to reflect subsequent changes. More information is available in the fund's most recent annual or semiannual shareholder report.*

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** American Century Asset Allocation Portfolios, Inc.

- **b. Investment Company Act file number:** 811-21591

- **c. CIK number of Registrant:** 0001293210

- **d. LEI of Registrant:** 549300OXI8XBS1M19X06

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 4500 Main St

  - **City:** Kansas City

  - **State:** MO

  - **Foreign country:** US

  - **Zip / Postal Code:** 64111

  - **Telephone number:** 816-531-5575

**Item A.2. Information about the Series.**

- **a. Name of Series:** One Choice Blend+ 2025 Portfolio

- **b. EDGAR series identifier (if any):** S000071097

- **c. LEI of Series:** 549300D8ZF55QG3WL798

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-07-31

- **b. Date as of which information is reported:** 2025-04-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $33738365.66

**Total Liabilities:** $7440.22

**Net Assets:** $33730925.44

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000225701 | 0.70%                | -1.68%               | 0.40%                |
| Class ID C000225702 | 0.70%                | -1.68%               | 0.40%                |
| Class ID C000225703 | 0.70%                | -1.68%               | 0.30%                |
| Class ID C000225704 | 0.70%                | -1.68%               | 0.30%                |
| Class ID C000225705 | 0.70%                | -1.58%               | 0.40%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2475.25                | $197567.31                                 |
| Month 2  | $-13830.20               | $-606937.39                                |
| Month 3  | $268136.20               | $-109664.87                                |

### Schedule of Portfolio Investments

| Name                                                           | Title                                                                    | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Avantis US Small Cap Value Fund                                | Avantis US Small Cap Value Fund - G Shares                               | CUSIP: 025072422<br>LEI: 5493009QMYGXSHE46I72 | Long             | EC               | RF                | US        |     22622 | NS      | $332990.13    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Avantis Core Fixed Income Fund                                 | Avantis Core Fixed Income - G Class                                      | CUSIP: 025072430<br>LEI: 549300SLXJ30GLSGV681 | Long             | EC               | RF                | US        |    960048 | NS      | $8045199.49   | 23.85%            |  |  |  | No            |                  1 | On Loan: No      |
| Avantis Emerging Markets Equity Fund                           | Avantis Emerging Markets Equity G Class                                  | CUSIP: 025072455<br>LEI: 5493000ITBOJX682OK28 | Long             | EC               | RF                | US        |     20552 | NS      | $244976.01    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Avantis International Equity Fund                              | Avantis International Equity G Class                                     | CUSIP: 025072463<br>LEI: 549300KO2XZO3UDESG51 | Long             | EC               | RF                | US        |    135104 | NS      | $1768514.46   | 5.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Avantis US Equity Fund                                         | Avantis US Equity Fund - G Class                                         | CUSIP: 025072497<br>LEI: 549300UZ4JRFVRG23179 | Long             | EC               | RF                | US        |    201624 | NS      | $3496158.32   | 10.36%            |  |  |  | No            |                  1 | On Loan: No      |
| American Century Inflation Adjusted Bond Fund                  | American Century Inflation-Adjusted Bond Fund - G Class                  | CUSIP: 025081613<br>LEI: EHDCH7OW63U5SCJHI161 | Long             | EC               | RF                | US        |    129626 | NS      | $1397371.10   | 4.14%             |  |  |  | No            |                  1 | On Loan: No      |
| American Century Emerging Markets Debt Fund                    | American Century Emerging Markets Debt - G Class                         | CUSIP: 025082660<br>LEI: 54930089U8LN76OW1Q27 | Long             | EC               | RF                | US        |     59411 | NS      | $531133.90    | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| American Century Global Bond Fund                              | American Century Global Bond Fund - G Class                              | CUSIP: 025082678<br>LEI: N/A                  | Long             | EC               | RF                | US        |    400148 | NS      | $3505292.83   | 10.39%            |  |  |  | No            |                  1 | On Loan: No      |
| American Century International Small-Mid Cap Fund              | American Century International Small Mid Cap - G Class                   | CUSIP: 025086315<br>LEI: 549300TC8GKLMNQ5UH53 | Long             | EC               | RF                | US        |      7205 | NS      | $72913.95     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| American Century Mid Cap Value Fund                            | AMERICAN CENTURY MID CAP VALUE FUND - G CLASS                            | CUSIP: 02508F588<br>LEI: EJWSPPM3JS2TXIBHG537 | Long             | EC               | RF                | US        |     40861 | NS      | $625179.68    | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| American Century Focused Large Cap Value Fund                  | American Century Focused Large Cap Value Fund - G Class                  | CUSIP: 02508F596<br>LEI: JE7YO7NR1CHX48R50V27 | Long             | EC               | RF                | US        |    325671 | NS      | $3318587.64   | 9.84%             |  |  |  | No            |                  1 | On Loan: No      |
| American Century Global Real Estate Fund                       | AMERICAN CENTURY GLOBAL REAL ESTATE - G CLASS                            | CUSIP: 02508F612<br>LEI: 549300EK3ONWUWNADZ09 | Long             | EC               | RF                | US        |     31674 | NS      | $413022.64    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| American Century Heritage Fund                                 | AMERICAN CENTURY HERITAGE FUND - G CLASS                                 | CUSIP: 02508H196<br>LEI: YRIFZJY5F41ZG438VU07 | Long             | EC               | RF                | US        |     11035 | NS      | $302246.43    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| American Century Growth Fund                                   | AMERICAN CENTURY GROWTH FUND - G CLASS                                   | CUSIP: 02508H212<br>LEI: N/A                  | Long             | EC               | RF                | US        |     56860 | NS      | $3132979.99   | 9.29%             |  |  |  | No            |                  1 | On Loan: No      |
| American Century Small Cap Growth Fund                         | American Century Small Cap Growth Fund - G Class                         | CUSIP: 02508H253<br>LEI: Q68CQ4I0XKGZWJ8GYU12 | Long             | EC               | RF                | US        |     15718 | NS      | $342504.33    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| American Century International Value Fund                      | AMERICAN CENTURY INTERNATIONAL VALUE FUND - G CLASS                      | CUSIP: 02509A745<br>LEI: RNIC2PFJLR0FKTMMJ489 | Long             | EC               | RF                | US        |    112016 | NS      | $1101114.70   | 3.26%             |  |  |  | No            |                  1 | On Loan: No      |
| American Century Focused International Growth Fund             | American Century Focused International Growth - G Class                  | CUSIP: 02509A794<br>LEI: 549300NN14L4KIGK3832 | Long             | EC               | RF                | US        |     54370 | NS      | $978117.42    | 2.90%             |  |  |  | No            |                  1 | On Loan: No      |
| American Century High Income Fund                              | HIGH INCOME FUND - G CLASS                                               | CUSIP: 02508J770<br>LEI: N/A                  | Long             | EC               | RF                | US        |    166024 | NS      | $1414526.63   | 4.19%             |  |  |  | No            |                  1 | On Loan: No      |
| American Century Short Duration Fund                           | American Century Short Duration Fund - G Class                           | CUSIP: 02508J796<br>LEI: 3VTVXMH1JRM312VF5K71 | Long             | EC               | RF                | US        |    120619 | NS      | $1184474.40   | 3.51%             |  |  |  | No            |                  1 | On Loan: No      |
| American Century Short Duration Inflation Protection Bond Fund | American Century Short Duration Inflation Protection Bond Fund - G Class | CUSIP: 02508J838<br>LEI: 32BUGDDLPB55T5COV394 | Long             | EC               | RF                | US        |    138481 | NS      | $1485906.42   | 4.41%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-26

**Name of Applicant:** American Century Asset Allocation Portfolios, Inc.

**Signature:** Amy R. Bitter

**Name of Signer:** Amy R. Bitter

**Title:** Assistant Treasurer