Mutual Fund Summary Prospectus (497k)

American Century Asset Allocation Portfolios, Inc.   Prospectus and Summary Prospectus Supplement   One Choice Portfolio ® : Very Conservative One Choice Portfolio ® : Conservative One Choice Portfolio ® : Moderate One Choice Portfolio ® : Aggressive One Choice Portfolio ® : Very Aggressive
Supplement dated April 8, 2013 ■ Summary Prospectuses and Prospectus dated December 1, 2012

 

 

 

The following replaces the Portfolio Managers section of each summary prospectus and on pages 5, 10, 14, 18 and 22 of the prospectus.

 

Portfolio Managers

 

Scott Wittman, CFA, Chief Investment Officer – Quantitative Equity and Asset Allocation, Senior Vice President and Senior Portfolio Manager, has been a member of the team that manages the fund since 2009.

 

Richard Weiss, Senior Vice President and Senior Portfolio Manager, has been a member of the team that manages the fund since 2010.

 

Radu Gabudean, Vice President and Portfolio Manager, has been a member of the team that manages the fund since 2013.

 

Scott Wilson , CFA, Vice President and Portfolio Manager, has been a member of the team that manages the fund since 2006.

 

 

The following replaces The Fund Management Team section on pages 27-28 of the prospectus.

 

The Fund Management Team

 

The advisor uses a team of portfolio managers to manage the funds. The following portfolio managers share overall responsibility for coordinating the funds’ activities, including determining appropriate asset allocations, reviewing overall fund compositions for compliance with stated investment objectives and strategies, and monitoring cash flows. The team meets as necessary to review the funds’ allocations.

 

Scott Wittman

 

Mr. Wittman, Chief Investment Officer – Quantitative Equity and Asset Allocation, Senior Vice President and Senior Portfolio Manager, has been a member of the team that manages the funds since 2009 when he joined American Century Investments. From 2005 to 2009, he was managing director–quantitative and alternative investments for Munder Capital Management. He has a bachelor’s degree in finance and an MBA in finance from Indiana University. He is a CFA charterholder.

 

Richard Weiss

 

Mr. Weiss, Senior Vice President and Senior Portfolio Manager, has been a member of the team that manages the funds since 2010 when he joined American Century Investments. From 1999 to 2010, he was executive vice president and chief investment officer for City National Bank.  He has a bachelor's degree in economics from The Wharton School at the University of Pennsylvania and an MBA in finance/econometrics from the University of Chicago, Graduate School of Business.

 

Radu Gabudean, Ph.D.

 

Dr. Gabudean, Vice President and Portfolio Manager, has been a member of the team that manages the fund since 2013 when he joined American Century Investments. From 2011 until 2013, he was vice president of quantitative investment strategies at Barclays Capital, and from 2007 to 2011 he was vice president of quantitative portfolio modeling at Lehman Brothers/Barclays Capital. He has a bachelor’s degree in economics from York University, Toronto, Canada, and a Ph.D. in finance from New York University, Stern School of Business.

 

 

 

 

 

Scott Wilson

 

Mr. Wilson, Vice President and Portfolio Manager, has been a member of the team that manages the funds since 2006. He joined American Century Investments in 1992 as a product specialist and became an analyst in 1994 and a portfolio manager in 2011. He has a bachelor’s degree in business administration from Pepperdine University and is a CFA charterholder.

 

 

The statement of additional information provides additional information about the accounts managed by the portfolio managers, the structure of their compensation, and their ownership of fund securities.

 

 

 

 

 

©2013 American Century Proprietary Holdings, Inc. All rights reserved.

 

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