14 important things you should know about American Century Investments AONIX mutual fund

Updated: Last Sunday
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Before we start: if you’re looking for AONIX “stock” price, you can quickly find it out by visiting Finny and typing "AONIX quote". If you’re looking for a quick scoop on AONIX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "AONIX". You’ll get all this info in one place.

Are you looking to buy or sell AONIX? Or perhaps you’re looking for AONIX fact sheet, and learn about its alternatives? If so, you came to the right place.

In this AONIX mutual fund review, we’ll address key questions our readers have been asking us about this fund, above and beyond what you can find in its prospectus, and on Morningstar or Yahoo Finance.

Here is what you’ll be able to find in this review:

  • Fact Sheet: AONIX performance, returns, expense ratio, holdings and dividend yield;
  • Analysis: AONIX buy or sell; the pros and cons of investing in AONIX mutual fund;
  • Alternatives: other ETFs and mutual funds you should consider as alternatives to AONIX.

And here is the list of questions we’ll answer:

  1. Describe American Century Asset Allocation Portfolios, Inc: One Choice Portfolio Very Conservative; Investor Class Shs (AONIX).
  2. What are AONIX holdings?
  3. What is AONIX performance? What are AONIX historical returns?
  4. How many up and down years did AONIX have historically?
  5. What is AONIX dividend yield?
  6. What is AONIX minimum initial investment amount?
  7. What is AONIX expense ratio?
  8. Does AONIX have any sales loads or 12b-1 distribution expenses?
  9. What is AONIX tax efficiency (tax-cost ratio)?
  10. What is AONIX beta? How would you assess AONIX risk?
  11. What is AONIX Sharpe ratio?
  12. What is AONIX Finny Score? AONIX buy or sell?
  13. What are the pros of investing in AONIX? What are AONIX buy reasons?
  14. What are the cons of investing in AONIX? What are AONIX sell reasons?

So let’s start. Scroll down to the question that interests you the most.

Fact Sheet

1. Describe American Century Asset Allocation Portfolios, Inc: One Choice Portfolio Very Conservative; Investor Class Shs (AONIX).

The Fund seeks total return which includes both capital appreciation and income from dividends and interest that is consistent with the asset mix. The Fund seeks to achieve its objective by investing in other American Century mutual funds that represent a variety of asset classes and investment styles.

2. What are AONIX top holdings?

AONIX has 0 stock holdings and 0 bond holdings.

The top 10 holdings represent 83.40% of total assets. Here are the top holdings:

Name Symbol % Assets
American Century Diversified Bond Inv ADFIX 20.55%
American Century Short Dur Inf PrBd Inv APOIX 13.00%
American Century Inflation Adjs Bond Inv ACITX 10.04%
American Century Global Bond Inv AGBVX 8.02%
American Century International Bond Inv BEGBX 7.01%
American Century Short Duration Inv ACSNX 6.99%
American Century Large Company Value Inv ALVIX 5.83%
American Century Sustainable Equity Inv AFDIX 4.35%
American Century Mid Cap Value Inv ACMVX 4.22%
American Century Growth Inv TWCGX 3.39%

3. What is AONIX performance? What are AONIX historical returns?

AONIX has generated the following returns:

  • 1-month return is 1.63%;
  • 3-month return is -3.75%;
  • 1-year return is 3.17%;
  • 3-year return is 3.51%;
  • 5-year return is 3.38%;
  • 10-year return is 4.35%;
  • 15-year return is 4.30%.

4. How many up and down years did AONIX have historically?

In the last 10 years, AONIX had 8 up years and 2 down years.

5. What is AONIX dividend yield?

AONIX yield is 1.74%.

6. What is AONIX minimum initial investment amount?

AONIX minimum initial investment amount is $3.00K.

7. What is AONIX expense ratio?

AONIX expense ratio is 0.71%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

8. Does AONIX have any sales loads or 12b-1 distribution expenses?

AONIX 12b-1 distribution fee is 0. AONIX front-end sales load is 0. AONIX back-end sales load is 0.

9. What is AONIX tax efficiency (tax-cost ratio)?

  • 1-year ax cost ratio is 1.13%;
  • 3-year ax cost ratio is 1.23%.

10. What is AONIX beta? How would you assess AONIX risk?

  • 3-year beta is 0.52;
  • 5-year beta is 0.52;
  • 10-year beta is 0.48;
  • 15-year beta is 0.47.

11. What is AONIX Sharpe ratio?

  • 3-year Sharpe ratio is 0.10;
  • 5-year Sharpe ratio is 0.29;
  • 10-year Sharpe ratio is 0.77.

Analysis

12. What is AONIX Finny Score? AONIX buy or sell?

AONIX Finny Score is 45. Our quantitative analysis shows 5 reasons to buy AONIX and 6 reasons to sell it, resulting in the Finny Score of 45.

13. What are the pros of investing in AONIX? What are AONIX buy reasons?

The following are AONIX strengths from our perspective:

  • Good news: this fund does not have 12b1, front-end or back-end sales fees.
  • AONIX 3-year Beta is 0.52, which is inversely correlated with the index (Morningstar Mod Tgt Risk TR USD). The could be good if you're trying to hedge your portfolio.
  • AONIX 5-year Beta is 0.52, which is inversely correlated with the index (Morningstar Mod Tgt Risk TR USD). The could be good if you're trying to hedge your portfolio.
  • AONIX 10-year Beta is 0.48, which is inversely correlated with the index (Morningstar Mod Tgt Risk TR USD). The could be good if you're trying to hedge your portfolio.
  • AONIX 15-year Beta is 0.47, which is inversely correlated with the index (Morningstar Mod Tgt Risk TR USD). The could be good if you're trying to hedge your portfolio.

14. What are the cons of investing in AONIX? What are AONIX negatives?

The following are AONIX weaknesses from our perspective:

  • AONIX net assets are $442.30 million. This fund is not a popular choice with retail investors.
  • AONIX 3-year return is 3.51%, which is lower than the 3-year return of the benchmark index (Russell 3000 TR USD), 8.2%.
  • AONIX 5-year return is 3.38%, which is lower than the 5-year return of the benchmark index (Russell 3000 TR USD), 8.23%.
  • AONIX 10-year return is 4.35%, which is lower than the 10-year return of the benchmark index (Russell 3000 TR USD), 12.18%.
  • AONIX 15-year return is 4.3%, which is lower than the 15-year return of the benchmark index (Russell 3000 TR USD), 8.52%.
  • AONIX expense ratio is 0.71%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
In the AONIX review, we covered AONIX key stats (return, performance, yield, expense ratio, and holdings), buy and sell analysis, and alternative investments. If this review was helpful to you, feel free to check out other mutual fund and ETF reviews.
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